Moonbeam Gift Shop's inventory turned over six times during the year. Similar gift shops have an inventory turnover equal to twelve times per year. What explains Moonbeam's state of inventory management?
a. Moonbeam sold too much inventory during the year.
b. Moonbeam needs to increase sales and decrease the amount of inventory on hand.
c. Moonbeam is performing twice as well as its competitors.
d. Moonbeam should increase the amount of goods on hand to accommodate the additional inventory demand.
b
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Edison Consulting received a $310 utilities bill and immediately paid it. Edison's general journal entry to record this transaction will include a:
A. Debit to Utilities Expense for $310. B. Credit to Utilities Expense for $310. C. Credit to Accounts Payable for $310. D. Debit to Accounts Payable for $310. E. Debit to Cash for $310.
Keeping the brand in a customer's mind during off-seasons is most likely a goal of ________ advertising
A) reminder B) attack C) informative D) covert E) competitive
How do successful companies recruit and train their salespeople? What are the objectives of most sales force training programs?
What will be an ideal response?
A noncash investing activity should be disclosed in a note to the statement of cash flows or on a separate schedule.
Answer the following statement true (T) or false (F)