The auditor tests the quantity of materials charged to work in process by tracing these quantities to:
A. receiving reports.
B. perpetual inventory records.
C. material requisitions.
D. cost ledgers.
Answer: C
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A bookstore is considering stocking a limited edition of Alice in Wonderland dolls at a cost of $125 each. The manager calculated the retail price with an initial markup percentage of 48 percent and plans to ticket the product with a ".00" ending. What would be the initial retail price on the doll?
A. $63 B. $190 C. $280 D. $240 E. $180
Tone reflects the writer's _____________ toward the subject and the audience
a. informational flow b. attitude c. attention d. acknowledgment
Which of the following is a difference between a retailer channel and a wholesaler channel?
a. A retailer channel is most common when the retailer is large and can buy in large quantities, while a wholesaler channel is commonly used for low-cost items that are frequently purchased. b. A retailer channel must be organized and managed as a group, while a wholesaler channel must be managed individually. c. A retailer channel helps differentiate a firm's final product from the competition, while a wholesaler channel does not. d. A retailer channel enables a retailer to use another manufacturer's already-established product, while a wholesaler channel does not.
______________ lays out the short-term actions and plans to implement the strategy.
a. Operational planning b. Tactical planning c. Divisional strategy d. Strategic planning