The _____ displays (lists) cash receipts and disbursements from operating activities
a. bottom-up method
b. top-down method
c. indirect method
d. direct method
e. cash method
D
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At the beginning of 2016, the Joan Company had an inventory valued at $34,375 at cost ($50,000 at retail). During the year, Joan purchased inventory for $50,000 ($70,000 at retail), and made markdowns of $7,500. Joan's sales in 2016 were $62,500. What is Joan's estimated ending inventory at FIFO cost using the retail inventory method?
A) $37,500 B) $40,000 C) $39,000 D) $34,375
The factory produces product and ships it to the distributor. The distributor sends it to the wholesaler when they receive an order. The wholesaler ships the product to the retailer as the retailer requests replenishment
The customer visits the retailer's bricks and mortar store to purchase the product when they run out. Which of these supply chain members is most likely subjected to the greatest variability in customer demand? A) retailer B) wholesaler C) distributor D) factory
Transcontinental Tours, a U.S. firm, and Victoria Hotels, Ltd., a Canadian firm, enter into a contract that does not have a forum-selection or choice-of-law clause. Litigation between Transcontinental and Victoria over a dispute involving this contract may occur in
a. Canada only. b. Canada or the United States, but not both. c. Canada, the United States, or both. d. the United States only.
Everything that is legal is also morally correct
Indicate whether the statement is true or false