Which of the following statements regarding the center-of-gravity method is FALSE?
A) It is designed to minimize the maximum possible travel distance to any of the locations.
B) The optimal x- and y-coordinates are calculated separately.
C) The optimal solution is unconstrained, so it could suggest a location in the middle of a body of water.
D) The weights used are the quantity of goods moved to or from each location.
E) The origin of the coordinate system and the scale used are arbitrary, just as long as the relative distances are correctly represented.
A
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Indicate whether the statement is true or false
A company purchased $2900 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $750 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
A. Debit Accounts Payable $2150; credit Merchandise Inventory $43; credit Cash $2107. B. Debit Accounts Payable $2900; credit Cash $2900. C. Debit Merchandise Inventory $2150; credit Cash $2150. D. Debit Cash $2150; credit Accounts Payable $2150. E. Debit Accounts Payable $2150; credit Cash $2150.
Which of the following GLOBE cultural dimensions is related to the questionnaire item--“More people live (should live) for the present than for the future” (scored inversely)?
A. future orientation B. gender egalitarianism C. assertiveness D. in-group collectivism
Whether buyer-seller relationships in an industry represent a strong or weak source of competitive pressure is a function of
A. how many buyers purchase all of their requirements from a single seller versus how many purchase from several sellers. B. whether industry members are spending more or less on advertising. C. the extent to which buyers can exercise enough bargaining power to influence the conditions of sale in their favor and whether strategic partnerships between certain industry members can adversely affect other industry members. D. the speed with which general economic conditions and interest rates are changing. E. the number of buyers versus the number of sellers.