All of the following are inventory costing methods except
a. first-in, first-out.
b. average-cost.
c. periodic.
d. specific identification.
C
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Assume common stock is issued to employees as a result of exercising stock purchase rights issued under a noncompensatory share purchase plan. Which of the following accurately describes the effect on the company's income, paid-in capital, and retained earnings, respectively?
A) decreased, increased, and decreased B) no effect, increased, and increased C) decreased, increased, and no effect D) no effect, increased, and no effect
Which of the following items is consistent with earnings being informative about current performance and informing the analyst that level of current earnings are not sustainable?
a. The firm recognizes an unexpected gain b. The firm recognizes a fair value gain on a financial asset as a result of a favorable move in interest rates. c. The firm recognizes additional expenses this period due to pre-opening costs associated with new stores. d. The firm experiences a large jump in sales and earnings as a result of successful research and development of new products.
________ is the probability that the inventory available during the lead time will meet demand
Fill in the blank with correct word.
A retired operations management professor moves to New Orleans, joins the Krewe of Orpheus and convinces krewe leadership to buy their own swizzle stick production
equipment. They invest in a medium-scale machine called the Swizzo 2025, which is capable of producing swizzle sticks at the rate of 1800 per day. They run through the calculations and realize that with the space taken up by the machine, they can't possibly produce an optimal batch, so they cut the batch size down to a manageable 60,000 units. If a swizzle stick takes up 0.5 cubic inches, how much warehouse space will they save at peak inventory levels compared to producing the optimal batch size? A) 2.11 cubic feet B) 4.31 cubic feet C) 6.57 cubic feet D) 9.34 cubic feet