Lot size refers to ______.
a. the number of square feet occupied by the manufacturing facility
b. the predetermined quantity of an item that is purchased from a supplier
c. the location of the parking area within the manufacturing facility
d. the number of units ordered by a given customer
b. the predetermined quantity of an item that is purchased from a supplier
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The Master Company acquired a 40% interest in the Dickerson Company on January 2, 2017, for $1,000,000. During 2017, Dickerson Company paid $100,000 in dividends and reported net income of $270,000. At the end of 2017, the balance in Investment in Dickerson Company should be
A) $1,000,000. B) $1,068,000. C) $1,040,000. D) $1,108,000.
In a computerized environment, the audit trail log must be printed onto paper documents
Indicate whether the statement is true or false
Which statement regarding the physical presence of retail stores is true?
A. Unlike in the past, most retail transactions now occur over the Internet. B. Most retail transactions occur in physical stores. C. Customers rarely integrate their digital and in-store shopping experiences. D. The number of physical stores is declining because more individual purchases are being made online. E. There are no advantages to shopping in a store versus shopping for the same product online.
Sammy Company is considering eliminating its commercial division. The company allocates fixed costs based on division sales. If the commercial division is dropped, $100,000 of the fixed costs allocated to it could be eliminated. The impact on Sammy's operating income from eliminating the commercial division would be: Garden Farm Commercial Sales$678,000 $920,000 $692,000 Variable costs 372,900 414,000 649,800 Contribution margin 305,100 506,000 42,200 Fixed costs 247,200 335,500 252,400 Net income (loss) 57,900 170,500 (210,200)
A. $10,200 decrease B. $15,000 increase C. $57,800 increase D. $57,800 decrease E. $45,000 increase