A company that uses the periodic inventory provides the following information:
1. Beginning Inventory $15,000
2. Net Purchases $94,000
At the end of the period, the company does an inventory count and finds $12,000 of inventory on hand
What is the amount of cost of goods sold?
A) $94,000
B) $121,000
C) $97,000
D) $82,000
C .
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Competitive intelligence ________
A) enables senior managers in companies to make informed decisions about everything B) consists of integrated systems of hardware, communications networks, and software C) is a continuous process involving the legal and ethical collection of information D) A and C are both correct
An example of an industry where there is inadequate capacity is ______.
a. the furniture industry b. the retail industry c. the pharmaceutical industry d. the oil-refining industry
Which of the following statements about speculative risks is true?
A) They are almost always insurable by private insurers. B) They are more easily predictable than pure risks. C) They may benefit society even though a loss occurs. D) They involve only a chance of loss.
____________ is a useful sales forecasting method as long as a precise relationship between past sales figures and one or more variables can be established. Without these relationships, this method is useless in forecasting future sales.
A. Trend analysis B. Random factor analysis C. Delphi technique D. Cycle analysis E. Regression analysis