Data mining refers to:
A) designing customer information file structure.
B) collecting customer data required to fill the customer information file.
C) entering the customer data in the customer information file.
D) analyzing a customer information file.
D
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The term deficit is used to refer to a debit balance in which of the following accounts of a corporation?
A) Retained Earnings B) Treasury Stock C) Organizational Expenses D) Common Stock
What is the most important factor in choosing a lot-sizing technique?
A. inventory purchasing cost B. inventory holding cost C. demand pattern of product D. perishability of product
Packard Company engaged in the following transactions during Year 1, its first year of operations: (Assume all transactions are cash transactions.) 1) Acquired $1100 cash from the issue of common stock. 2) Borrowed $570 from a bank. 3) Earned $750 of revenues. 4) Paid expenses of $280. 5) Paid a $80 dividend. During Year 2, Packard engaged in the following transactions: (Assume all transactions are cash transactions.) 1) Issued an additional $475 of common stock. 2) Repaid $325 of its debt to the bank. 3) Earned revenues of $900. 4) Incurred expenses of $420. 5) Paid dividends of $130. What is the amount of total stockholders' equity that will be reported on Packard's balance sheet at the end of Year 1?
A. $390. B. $1020. C. $1570. D. $1490.
A disadvantage of the fixed-period inventory system is that:
A) it involves higher ordering costs than the fixed quantity inventory system. B) additional inventory records are required. C) the average inventory level is decreased. D) since there is no count of inventory during the review period, a stockout is possible. E) orders usually are for larger quantities.