A major advantage of the open-to-buy concept is that it _____
a. underestimates demand
b. limits foreign sales
c. seeks to balance stock on hand and planned sales
d. controls stock shortages
c
You might also like to view...
An individual taxpayer sells a business building placed in service five years ago and recognizes a gain. This is the taxpayer's first and only sale of Sec. 1231 property. Since the gain will be treated as LTCG, the details of the sale should be reported on Schedule D of Form 1040.
Answer the following statement true (T) or false (F)
Ross works for Houston Corporation, which has a contributory defined contribution pension plan. The employer's monthly contribution to the plan is 8 percent of each participating employee's monthly salary, while the employee contributes only 6 percent. Which of the following statements best describes the benefits of the plan?
A) Houston receives a deduction for its contributions to the plan when Ross receives a distribution from the plan. B) While Ross is taxed on the employer's contributions to the plan, his own contributions are not taxed until he receives a distribution from the plan. C) Ross may deduct his own contributions to the pension plan, and Ross reports income from the plan each year until he receives distributions from the plan. D) The amounts contributed to the plan and the earnings on those contributions are not taxed to Ross until he retires or receives a distribution from the plan.
When management is leading the drive for good strategy execution and operating excellence, it calls for all of the following actions on their part except __________.
A) establishing a must-be-invented-here mindset. B) staying on top of what is happening. C) empowering rank-and-file employees to act on their own initiative. D) putting constructive pressure on the organization to execute the strategy with excellence. E) monitoring progress closely.
What standard is the following "monetary value for the cost of operations, such as machine-hour-costs, cost of material per unit, cost of labor per unit, cost per unit of sales, etc."?
a. physical standard b. capita standard c. revenue standard d. cost standard e. intangible standard