_____ focus on reducing costs or generating value by working with suppliers or inbound shipping and freight service providers
a. Horizontal integration strategies b. Vertical integration strategies
c. Downstream strategies d. Upstream strategies
d
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The coding scheme most appropriate for a chart of accounts is
a. sequential code b. block code c. group code d. mnemonic code
Which of the following is not a step in the accounting process?
A. Post journal information to ledger accounts. B. Record relevant transactions and events in a journal. C. Identify each transaction and event from source documents. D. Ensure all cash is distributed to stockholders at the end of each period. E. Analyze each transaction and event using the accounting equation.
Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the LIFO perpetual inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold?
A. $2,255. B. $2,239. C. $2,228. D. $2,215. E. $2,200.
________ refers to products sold at prices below cost to attract shoppers to a store.
A. Loss leader B. Bait and switch C. Prestige D. Price bundling E. Free on board (FOB)