Suppose the cycling store uses the LIFO cost-flow assumption. The cost of goods sold is _____, and the ending inventory is _____
a. $2,900; $5,500
b. $2,500; $5,900
c. $3,000; $5,400
d. $2,800; $5,600
e. cannot be determined with the information given
C
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When we apply the ABC classification to cycle counting, we would ______.
a. cycle count A items more frequently than B items b. cycle count C items more frequently than A items c. cycle count C items more frequently than B items d. cycle count C items as frequently as A items
Investing activities are the acquiring and disposing of resources that an organization uses to acquire and sell its products or services.
Answer the following statement true (T) or false (F)
Which of the following is an example of what equity theory refers to as an external comparison?
A. Bailey is angry because she finds out that dental hygienists in other offices earn more than she does. B. Ashley is guilty because she found out she will be beating out her best friend, Morgan, for a promotion. C. Syd often calls other dentists to ask where to get supplies for the best price. D. Emmi thinks the other two receptionists in her office get longer lunches than she does. E. Marci feels like she is probably the least skilled player in the city orchestra.
The truth about unions today is that they _________
A. are not nearly as prominent and thus not as powerful as they were in the 1950s. B. are more powerful today than they were in the 1950s. C. are used less today because they have proved to be ineffective. D. have grown in size, giving them more money to pay their employees, but they have not increased their effectiveness in helping their members. E. will remain a powerful force in particular industries, regardless of their loss of prominence.