________ refers to the storage of goods awaiting transport or shipping
A) Produce
B) Inventory
C) Distribution
D) Bulk
E) Supply
B
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Answer the following statements true (T) or false (F)
In SFAS No. 153, when exchanged assets have significantly different cash flows, the new asset is recorded at book value of the traded in asset.
Denny's Deli, Inc The stockholders' equity section of the December 31, 2011, balance sheet for Denny's Deli appeared as follows: Common stock, $20 par, 40,000 shares issued and outstanding $ 800,000 Additional paid-in capital 320,000 Retained earnings 600,000 Total stockholders' equity $ 1,720,000 Assume that all of the 40,000 shares of Denny's stock that was issued as of December 31, 2011, was
issued for $35 per share. On March 1, 2012, Denny reacquired 5,000 shares of its common stock for $43 per share. Refer to the information presented above for Denny's Deli, Inc Suppose that Denny reissued 1,500 shares of its treasury stock on June 1, 2012, for $50 each. Which of the following is true regarding the entry required to record this transaction? A) A debit to treasury stock is required for $64,500. B) A credit to treasury stock is required for $49,000. C) A debit to cash is required for $75,000. D) A debit to additional paid-in capital from treasury stock transactions is required for $10,500.
For the following financial statement items, calculate trend percentages using Year 1 as the base year: ?Year 5?Year 4?Year 3?Year 2?Year 1Sales$1,195,400?$1,118,000?$1,049,000?$963,200?$860,000Cost of sales752,400?704,000?671,000?616,700?559,000Gross profit$443,000?$414,000?$378,000?$346,500?$301,000
What will be an ideal response?
What is the packaging material constraint?
Ashley's manufactures home furnishings for department stores. Planning is underway for the production of the following items during the next production period: Quilts (x1) Blinds (x2) Pillows (x3) Fabric required (yards) (d1) 7 4 9 Time required (hours) (d2) 1.5 2 0.5 Packaging material (ounces) (d3) 3 2 1 Profit (d4) 12 10 8 Ashley has 3000 yards of material in stock for this production period. Five hundred hours of production time are scheduled and 400 ounces of packaging material is available. Each of these quantities can be adjusted through overtime or extra purchases. Ashley's highest priority is to achieve a profit of $3200. Her second priority is to avoid additional purchases of packaging material. Third, she wants to use all of the scheduled production hours, and fourth, minimize any fabric remaining from the 3000 yards. Note that the deviational variables associated with each item are given in the table.