What is logistics?
A. The purchasing of goods and services to meet the needs of the supply chain.
B. Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.
C. Includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain.
D. Includes activities that govern the flow of tangible, physical materials through the supply chain such as shipping, transport, distribution, and warehousing.
Answer: C
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This year, Larry was awarded a bonus by his corporate employer that will be paid in five annual installments beginning in the year Larry retires. The employer's liability for the future payment is unfunded. Even though Larry earned the bonus this year, he does not recognize any current income.
Answer the following statement true (T) or false (F)
Modine Corporation has provided the following data for September.?Denominator level of activity1,600 machine-hours?Budgeted fixed manufacturing overhead costs$42,400??Fixed portion of the predetermined overhead rate$26.50 per machine-hour?Actual level of activity1,700 machine-hours?Standard machine-hours allowed for the actual output2,000 machine-hours?Actual fixed manufacturing overhead costs$41,740?Required:a. Compute the budget variance for September. Show your work!b. Compute the volume variance for September. Show your work!
What will be an ideal response?
What does Article 2 say with regard to the following?
a. Good faith. b. Unconscionability. c. Expansion of commercial practices.
The common-size income statement expresses every item on the income statement as a percentage of sales
Indicate whether the statement is true or false.