Which one of the following is correct?
a. Inventory losses can be identified and controlled better under the perpetual system.
b. The perpetual system eliminates the need for an annual inventory count.
c. There is no difference in cost to implement a perpetual as compared to a periodic system.
d. Inventory can only be sold at the end of an accounting period under the periodic system.
a
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After data is entered into the system, it is processed. Processing control exists to make sure that the correct things happen during processing. Discuss processing controls
When using a flexible budget, what occurs to fixed costs (on a per unit basis) as production increases?
a. Fixed costs are not considered in flexible budgeting. b. Fixed costs per unit will decrease. c. Fixed costs per unit will remain unchanged. d. Fixed costs per unit will increase.
An opportunity cost of renting a home rather than buying it is
A) the price of the home. B) the monthly rent. C) potential price appreciation of the home. D) putting up with other renters' noise.
Jordan works for Emma, a prominent email marketing firm. His job is to go out and try to find new customers. This can also involve acquiring existing customers from competitors. Jordan's type of sales position is most accurately described as:
A. New-business salespeople B. Missionary salespeople C. Order-takers D. Consultative sellers E. Management Salespeople