Anticipation inventory is used to absorb uneven rates of demand or supply
Indicate whether the statement is true or false
TRUE
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Which of the following would allow a company to monitor what stakeholders are saying about the company on social media sites?
A) Facebook "likes" B) Automated reputation analysis C) Twitter feeds D) Blog threads E) Stock prices
Which of the following is a product cost for a construction company?
A. Wages paid to the company's payroll clerk B. Rent of the company's main office C. Cost of transporting raw materials to the job site D. All of these
Finished goods inventory is $199,000. If overhead applied to these goods is $79,000, and the overhead rate is 110% of direct labor, how much direct materials cost was incurred in producing the inventory? (Round your intermediate calculations and final answer to nearest whole dollar.)
A. $71,818. B. $86,900. C. $46,182. D. $33,100. E. $48,182.
Caterina Valente is given a job as a buyer in a department store. While nothing is specifically said to Caterina, a buyer normally has authority to act as agent for the business. What is this type of authority called?
A) Express B) Silent C) By necessity D) Apparent E) By estoppel