A simple method of determining when an item should be cycle counted is:
A) count when the item is ordered.
B) count items which don't appear to be used often.
C) count each time the item is picked.
D) count items which have been in storage for a given period of time.
E) count each item once per month.
A
You might also like to view...
Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to cost of goods sold using FIFO.DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory270 units @ $12 5Purchase280 units @ $14 10Sales 200 units @ $2215Purchase160 units @ $15 24Sales 150 units @ $23
A. $5050 B. $4510 C. $4360 D. $4840 E. $5200
The fewer data couples and control flags in the system, the more difficult it is to change the system
Indicate whether the statement is true or false
List the errors which were well documented and those which were known to be a significant source of error at Froedtert Hospital in Milwaukee, Wisconsin
You purchased 300 shares of common stock on margin for $60 per share. The initial margin is 60%, and the stock pays no dividend. What would your rate of return be if you sell the stock at $45 per share? Ignore interest on margin.
A. 25.00% B. –33.33% C. 44.31% D. –41.67% E. –54.22%