Making global supply chains lean ______.
A. is difficult because it requires coordination to establish the rapid flow of goods and information
B. is easy because annual deliveries required for JIT inventory management are easy to achieve
C. is inexpensive because there is no need for safety stock
C. reduces the need for quality control
A. is difficult because it requires coordination to establish the rapid flow of goods and information
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Quan uses a periodic inventory system. At the end of April, Quan had 20 units on hand. April 1 On hand, 10 units @ $2 each $ 20 19 Purchased 90 units @ $3 each 270 Goods available for sale $290 If Quan, Inc uses the weighted average cost inventory method, how much is cost of goods sold for April?
a. $240 b. $250 c. $230 d. $232
Which of the following is not among the first five steps in the accounting cycle?
a. Record transactions in journals. b. Record closing entries. c. Adjust the general ledger accounts. d. Post entries to general ledger accounts.
A typical common stock issue has a maturity period of 10 years.
Answer the following statement true (T) or false (F)
Regarding the profit margin ratio, which of the following statements is incorrect?
A) The higher the profit margin ratio, the more sales dollars end up as profit. B) The profit margin ratio is computed by dividing net sales by net income. C) The profit margin ratio shows how much net income a business earns on every $1.00 of sales. D) The profit margin ratio focuses on the profitability of a company and is often reported in the business press.