The Pareto principle is best applied to which of the following inventory systems?
A. EOQ
B. Fixed-time-period
C. Single-period ordering system
D. Fixed-order quantity
E. ABC classification
Answer: E
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What is the value equation? Identify its various components and explain how the equation relates to a company's pursuit of competitive advantage
What will be an ideal response?
Which of the following types of sales quotas is most commonly used by sales organizations?
A) sales volume based quota B) profit based quota C) activity based quota D) customer based quota
Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process. How many units were started into production during February?
A. 9,800 B. 9,000 C. 10,000 D. 11,000
The adjusting entry to reflect inventory shrinkage is a debit to Cost of Goods Sold and a credit to Merchandise Inventory.
Answer the following statement true (T) or false (F)