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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When asking questions in a request message,
A) begin with the least important question and work your way up to the most important. B) avoid any open-ended questions. C) begin with the most important question. D) weave your questions into the rest of the content of your message. E) combine all related issues into one question.
Which of the following statements is true regarding the two allowance methods used to account for bad debts?
a. The percentage of net credit sales approach takes into account the existing balance in the Allowance for Doubtful Accounts account. b. The direct write-off method takes into account the existing balance in the Allowance for Doubtful Accounts account. c. The percentage of accounts receivable approach takes into account the existing balance in the Allowance for Doubtful Accounts account. d. The direct write-off method does a better job of matching revenues and expenses.
In cross-tabs, the introduction of a third variable can ________
A) refine the association observed between the two original variables B) indicate no association between the two variables, although an association was initially observed C) indicate no change in the initial association D) All of the above are correct.
Coll Company (the parent company) manufactured a product at a cost of $150 and sold it to Obman Company, a subsidiary of Coll, for $200 . Obman Company sold the product to its customer for $284 . As a result of these transactions, how much gross profit will appear on a consolidated income statement?
a. $134 b. $84 c. $234 d. $0