Name the four types of supply chain in Hau Lee's uncertainty framework for classifying supply chains.(1) ________(2) ________(3) ________(4) ________
What will be an ideal response?
(1) efficient; (2) responsive; (3) risk-hedging; (4) agile
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Treasury stock is reported as a reduction in stockholders' equity
a. True b. False Indicate whether the statement is true or false
Montana City Company began business on January 1, 2016 . The corporate charter authorized issuance of 500 shares of $1 par value common stock and 400 shares of $4 par value, 3% cumulative preferred stock. What is the maximum amount that can be reported on the balance sheet for Common Stock and Preferred Stock, respectively, if all of the stock is issued? Common Stock Preferred Stock
a. $500 $1,600 b. $5,000 $120 c. $500 $120 d. Not enough information provided.
If the court states an Act (Statute) is beyond the jurisdiction of a government, it will rule the Act is
A) ultra vires B)in violation of the Charter of Rights C)nullius in verba D) staredecisis E) exjuris
A company uses a periodic inventory system. The company had beginning inventory of 3 units that cost $5 each. During the month, 17 units were purchased for $6 each. The company sold 15 units during the month and had 5 remaining in ending inventory. If the company uses FIFO instead of LIFO to calculate cost of goods sold, then cost of goods sold will be:
A. lower using FIFO, leading to lower gross profit and lower income taxes. B. higher using FIFO, leading to higher gross profit and higher income taxes. C. higher using FIFO, leading to lower gross profit and lower income taxes. D. lower using FIFO, leading to higher gross profit and higher income taxes.