Organix Internationals LLC is planning to introduce its new range of breakfast cereals. List the different product levels that it considers while formulating the demand estimates for the new product
What will be an ideal response?
The six different product levels that Organix needs to consider to formulate the demand estimates for its new range of cereals are all sales, industry sales, company sales, product line sales, product from sales, and product item sales.
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Which of the following inventory methods is a car dealer most likely to use?
a. FIFO; b. LIFO; c. weighted average; d. specific identification; e. periodic
When a firm changed its method of accounting for inventory from LIFO to FIFO in 2014, it decided that the 2014 financial statements should be shown comparatively with the 2013 results. Which of the following statements concerning reporting the change in the retained earnings statement is correct?
a. Both the January 1 . 2013 . and January 1 . 2014, retained earnings balances are reported at different amounts to reflect the effects of the change in earnings before those respective dates. b. Only the January 1 . 2013 . retained earnings balance is reported at a different amount to reflect the effects of the change in earnings. c. Only the January 1 . 2014, retained earnings balance is reported at a different amount to reflect the effects of the change in earnings. d. No direct change to retained earnings is needed since earnings for both years have been adjusted to reflect the change.
The procedural stage of a lawsuit after the pleadings but before trial is the:
A) peremptory challenge stage. B) pretrial stage, including discovery. C) special verdict stage. D) offer of proof stage.
Rollins, Inc. ? Mat Rollins, CEO of Rollins, Inc., decided that upon his retirement, he would elect his son Chris to become the new CEO. Mat thought it would be a good idea to have Chris shadow him at work to understand the roles and responsibilities of a CEO. Chris shadowed his father for months in order to learn every aspect of the business. Mat knew that the best way for Chris to learn was to actually perform some of the tasks he did on a daily basis, rather than simply describe them. The company generally focused on short-term financing, and Mat felt that it was important for Chris to understand the different types of financing. Chris learned about the type of bonds that the company usually offered to raise capital. These bonds allow the purchasers of the bond to keep them until
maturity. Chris also learned the process of obtaining bonds and the various types of long-term financing methods. Job shadowing was indeed a worthwhile experience for Chris. Refer to Rollins, Inc. If Chris has learned and understood the business, he should know that today most corporate bonds are A. convertible bonds. B. mortgage bonds. C. sinking fund bonds. D. nonconvertible bonds. E. registered bonds.