Periodic price audits are completed at retail stores to ensure that the
A. prices are lower than the competition.
B. extent and cause of scanning errors are identified.
C. product is priced consistent with the company's pricing policy.
D. prices are high enough to cover costs.
E. retailer is not engaging in horizontal price fixing.
Answer: B
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________ is derived from the price required to be competitive in the global marketplace
A) Market-based transfer price B) Cost-based transfer price C) Negotiated transfer price D) Horizontal price E) Vertical price
At the start of 20x4, Colonial Designs' Allowance for Uncollectibles balance is €120,000 . During 20x4, Colonial Designs' credit sales were €5,000,000; of this amount, it expected 2% will become uncollectible. During 20x4, Colonial Designs wrote off €70,000 of accounts receivable. At the end of 20x4, Colonial Designs estimates, based on an aging of accounts, that the ending balance in the
Allowance for Uncollectibles should be €130,000 . a. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 Accounts Receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 b. Bad Debt Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 Accounts Receivable, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 c. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 Bad Debt Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 d. Bad Debt Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 e. Allowance for Uncollectibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 Accounts Receivable, gross. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000
Opportunity costs are forgone profits, and U.S. GAAP and IFRS recognize this cost as part of an assets acquisition cost
Indicate whether the statement is true or false
A tracking signal value that goes outside the control limits implies the ______.
A. forecasting method being used is good and no changes are required B. forecasting method being used should be modified/changed C. forecasting method is under control D. new tracking signals should be used