In most instances, CRP systems are driven by
A) the withdrawal of inventory from distributor warehouses.
B) the withdrawal of materials from supplier warehouses.
C) the withdrawal of goods customer pantry shelves.
D) the withdrawals of inventory from retailer warehouses.
Answer: D
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Which of the following below is an example of a capital expenditure?
a. replacing an engine in a company car b. cleaning the carpet in the front room c. replacing all burned-out light bulbs in the factory d. tune-up for a company truck
Which one of the following statements is true?
A) Income manipulation is difficult under LIFO. B) Accounting principles do not require that the inventory cost flow approximate the physical flow of goods. C) Companies may use LIFO for tax purposes and FIFO in the financial statements. D) In periods of declining prices, LIFO will result in the payment of lower income taxes.
The major points in an outline for a presentation should _____.
A. be in parallel form B. be no longer than two or three words C. always be in chronological order D. all be in the form of questions
Which of the following is not presented in an income statement?
a. Net Sales b. Other Expenses c. Net income d. Dividends e. Provision for Income Taxes