A company would be more likely to know the amount of inventory on hand if it used the periodic inventory system rather than the perpetual inventory system
Indicate whether the statement is true or false
False
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On which of the following dates involving stock dividends does a liability arise?
a. Date of distribution b. Date of declaration c. Date of record d. On no date
Manufacturers may prefer to sell their closeouts, canceled orders, and out-of-season merchandise to factory outlets rather than off-price chains because _____
a. off-price chains can generate high profit margins b. off-price chains have too much power c. factory outlets generate low short-term cash flow d. greater control results in less disturbance to traditional channels
A job shop will typically hold ________ raw materials in inventory.
a. Large amounts of b. Very large amounts of c. Small amounts of d. Highly variable amounts of
Ellen Bernstein wrote a cheque to Franz Dopier for $500,000 and was nervous that the cheque might get stolen and someone else may try to cash the cheque. Ellen should
A) have post-dated the cheque B) have written "for deposit only" on the cheque C) have given a promissory note instead D) have given a bank draft instead E) have restricted the time frame in which the cheque could be deposited