Computer inventory systems are often programmed to produce a cycle count notice in which of the following case?
A. When the item has been misplaced in the stockroom
B. When quality problems have been discovered with the item
C. When the record shows a near maximum balance on hand
D. When the record shows positive balance but a backorder was written
E. When the item has become obsolete
Answer: D
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Answer the following statements true (T) or false (F)
1. Accounting firms, building contractors, and healthcare providers use process costing. 2. A job order costing system is used by companies that manufacture batches of unique products or provide specialized services. 3. A process costing system is used when a company produces identical units through a series of production steps. 4. A job order costing system would be appropriate for a manufacturing company that manufactures identical units through a series of uniform production steps. 5. A cost accounting system will assist a manager in determining how many and which products to produce.
The credit manager is supervised by the _____.?
A. ?treasurer B. ?inventory manager C. ?director of capital budgeting D. ?vice president of finance E. ?controller
Auditors should
A) provide positive as well as critical feedback to the project team. B) communicate any concerns about the project. C) not discuss the audit results with anyone other than the person who requested the audit. D) do all of the above.
Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is
expected to grow at a constant rate of 10% per year. The price of KayCee's common stock today is $40 per share. If KayCee decides to issue new common stock, flotation costs will equal $4.00 per share. KayCee's marginal tax rate is 35%. Based on the above information, the cost of retained earnings is A) 26.41%. B) 19.63%. C) 17.55%. D) 20.09%.