Application of the grid technique to the location of a city warehouse
a. is no different from applying it in any other situation.
b. incorporates a blanket rate structure that applies the same rate from an origin to any point within the city or commercial zone.
c. considers the costs of moving raw materials into the facility, and moving finished goods to the customers.
d. accounts for information like highway access and facility availability within the grid coordinates.
b,
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On June 3, Lakeland Company sold merchandise worth $1,600 on credit, terms 2/10, n/30. The merchandise sold had cost $1,100. The customer paid the amount on June 15. What is the required journal entry to record the payment received under the periodic inventory system?
A) Accounts Receivable 1,568 Sales Discounts 32Cash 1,600 B) Accounts Receivable 1,600 Cash 1,600 C) Cash 1,568 Sales Discounts 32Accounts Receivable 1,600 D) Cash 1,600 Accounts Receivable 1,600
The cost of delivering the completed product to a customer is an example of:
a. product cost. b. period cost. c. direct cost. d. inventoriable cost. e. None of the answers are correct.
Which of the following statements is CORRECT?
A. When we use the AFN equation, we assume that the ratios of assets and liabilities to sales (A0*/S0 and L0*/S0) vary from year to year in a stable, predictable manner. B. When fixed assets are added in large, discrete units as a company grows, the assumption of constant ratios is more appropriate than if assets are relatively small and can be added in small increments as sales grow. C. Firms whose fixed assets are "lumpy" frequently have excess capacity, and this should be accounted for in the financial forecasting process. D. For a firm that uses lumpy assets, it is impossible to have small increases in sales without expanding fixed assets. E. Regression techniques cannot be used in situations where excess capacity or economies of scale exist.
The most humane form of workforce reduction is
A. attrition. B. layoff. C. early retirement. D. termination. E. employee strikes.