Convenience products, though inexpensive, still require considerable shopping effort by buyers.
Answer the following statement true (T) or false (F)
False
Convenience products are relatively inexpensive items that merit little shopping effort.
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If in evaluating a proposal by use of the net present value method there is a deficiency of the present value of future cash inflows over the amount to be invested, the proposal should be accepted
Indicate whether the statement is true or false
Torrence Inc has recently calculated the inventory turnover for the current year to be 30. In prior years, the same ratio was always lower. Which of the following statements would be the best interpretation for the reason for the ratio's change?
A) The company had less sales in the current year than in prior years. B) The company purchased less inventory in the current year than in prior years. C) The company took fewer days to sell its inventory in the current year than in prior years. D) The company took more days to sell its inventory in the current year than in prior years.
The Coca-Cola Company uses the same formula and basic bottle shape for Coke worldwide, but the labels on the bottles and their sizes vary depending upon the market. This illustrates ______.
a. thinking globally but acting locally b. manufacturing locally but designing globally c. thinking locally but acting globally d. manufacturing globally but designing locally
Perth Corporation owns 90 percent of Sydney Company's stock. At the end of 20X8, Perth and Sydney reported the following partial operating results and inventory balances: PerthCorporationSydneyCompanyTotal sales$500,000 $350,000 Sales to Sydney Company 100,000 Sales to Perth Corporation 150,000 Net income 15,000 Operating income (excluding investment income from Sydney) 56,000 Inventory on hand, December 31, 20X8, purchased from: Sydney Company 36,000 Perth Corporation 31,000 Perth regularly prices its products at cost plus a 30 percent markup for profit. Sydney prices its sales at cost plus a 10 percent markup. The total sales reported by Perth and Sydney include both intercompany sales and sales to nonaffiliates.Based on the
information given above, what balance will be reported for inventory in the consolidated balance sheet for December 31, 20X8? A. $32,727 B. $67,000 C. $56,573 D. $23,846