Which of the following can help a company create direct procurement accounts with suppliers, through which company buyers can purchase equipment, materials, and supplies directly?
A) backsourcing
B) extranet
C) company blog
D) reverse auction
E) trade exchange
B
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If the cost of materials purchased in the period is $200,000, and $185,000 is used in the manufacturing process, then the unused $15,000 is ________
a. part of work in process inventory in the period b. classified as materials inventory on the balance sheet c. part of finished goods inventory on the balance sheet d. a period cost
Commercial paper is a contract to pay money
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT required to determine processing requirements or workloads of each department?
a. which employee or department will do the work b. the type of work that needs to be done c. how much to charge for the service d. how that work will be completed
Operating return on assets is equal to the operating profit margin times total asset turnover
Indicate whether the statement is true or false