The selection of an inventory costing method has no significant impact on the financial statements
Indicate whether the statement is true or false
False
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What are human resource management systems and how they can help human resource managers make decisions?
What will be an ideal response?
A retailer experiences an average daily demand of 65 units of a particular product that is managed by an EOQ inventory policy. If it takes 10 days from the time of order placement to product receipt, what is this product’s reorder point?
a. 10 b. 65 c. 650 d. The reorder point cannot be determined from the information given
________ is a modification of NPV to produce the ratio of the present value of the benefits (future cash inflow) to the present value of the costs (initial investment)
A) Modified Internal Rate of Return Method B) Profitability Index (PI) C) Payback Period Method D) Discounted Cash Flow Method
You own Priscilla's Pecans. You employ five people and sell your pecan products in one town in Georgia. Your products are not sold in any other state. The federal government imposes regulations on the pecan industry. The Georgia legislature issues its own safety laws that are stricter than the federal rules. Georgia also places a tax on pecan products made out-of-state because it fears those
products will not be as safe as those produced in Georgia under the strict Georgia regulations. The regulations raise the cost of doing business. To register your unhappiness with the Georgia regulations you attach a label to your products that alerts customers to the rules and expresses your view that the rules are unnecessary and too costly. You donate $10,000 to the campaign of Lucinda Snopes, a friend who is running for the legislature. She opposes the pecan law. Buddy Reeves, the county attorney, reads the label criticizing the new safety regulations. He draws up a complaint against you and against Priscilla's for distributing inflammatory statements in commerce. He instructs the sheriff to seize your products in order to stop distribution of your statement, which the sheriff does. You contact attorney Travis Shifflett and ask him to represent you. The sheriff's confiscation of your goods may pose which, if any, of the following problems? a. the sheriff searched your premises without a warrant, thus violating your 4th Amendment rights b. even though the sheriff searched your premises without a warrant, there is no constitutional problem becauseFourth Amendment rights apply to persons, not businesses c. a Sixth Amendment takings problem may be involved d. no constitutional problems arise from the sheriff's acts e. all of the other choices are correct