Which of the following policies will reduce a retailer's investment in working capital?
A) Using cash rather than trade credit for inventory purchases
B) Accepting major credit cards rather than offering store credit
C) Keeping unsold seasonal merchandise in storage so that it can be offered again the following year
D) All of the above
Answer: B
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Which statement is not true? A batch control record
a. contains a transaction code b. records the record count c. contains a hash total d. All of the above are true
Under the first-in, first-out (FIFO) method, the cost of equivalent units of production is calculated by ________.
A) summing up only the transferred in costs of each department B) combining beginning inventory costs with current period costs C) considering only the transferred out costs of each department D) accounting for beginning inventory costs separately from current period costs
Details of the division of net income for a partnership should be disclosed
A) in the asset section of the balance sheet B) in the partners' subsidiary ledger C) in the statement of cash flows D) in the income statement
Many HRIS products provide real-time reporting and even screen-based historical information about the employees and/or the functional unit that can provide the ______ with the information he or she needs to make important business decisions.
a. clerical employee b. manager c. external consultant d. analyst/power user