Which of the following is true with regard to inventory turnover ratio?
a. Generally, the higher a firm’s inventory turnover ratio, the less time its inventory spends in storage and, therefore, the more efficient is the firm’s use of the inventory.
b. Generally, the lower a firm’s inventory turnover ratio, the less time its inventory spends in storage and, therefore, the less efficient is the firm’s use of the inventory.
c. Generally, the higher a firm’s inventory turnover ratio, the less time its inventory spends in storage and, therefore, the less efficient is the firm’s use of the inventory.
d. Generally, the lower a firm’s inventory turnover ratio, the less time its inventory spends in storage and, therefore, the more efficient is the firm’s use of the inventory.
a. Generally, the higher a firm’s inventory turnover ratio, the less time its inventory spends in storage and, therefore, the more efficient is the firm’s use of the inventory.
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The Taylor Company uses a process costing system. Assume that direct materials are added at the beginning of the period and that direct labor and overhead are added continuously throughout the process. The company uses the FIFO costing method. The following data are available for one of its accounting periods Units Beginning work in process 26,000 (70 percent complete for conversion costs) Units
started 180,000 Units transferred out 191,000 Ending work in process 15,000 (60 percent complete for conversion costs) Assume that you have calculated a direct materials cost per unit of $4 and a conversion cost per unit of $7. Under this assumption, the ending balance for Work in Process Inventory of Taylor Company would be A) $82,000. B) $165,000. C) $99,000. D) $123,000.
Carter Corporation has some money to invest, and its treasurer is choosing between City of Chicago municipal bonds and U.S. Treasury bonds. Both have the same maturity, and they are equally risky and liquid. If Treasury bonds yield 6.00%, and Carter's marginal income tax rate is 15.00%, what yield on the Chicago municipal bonds would make Carter's treasurer indifferent between the two?
A. 4.79% B. 4.74% C. 5.10% D. 5.61% E. 6.38%
Both the Justice Department and the Federal Trade Commission have the authority to enforce antitrust laws
Indicate whether the statement is true or false
Which of the following can be used to provide an alternative, simplified name, to identify database objects?
a. view b. index c. synonym d. sequence