Describe the basic elements of a supply chain for a cell phone producer (e.g., Apple or Samsung). How does this supply chain differ from the supply chain for a clothing item such as a t-shirt?
What will be an ideal response?
A successful answer should identify the elements of each supply chain (suppliers, manufacturer/assembly, and retailers). The answer should also contrast that a cell phone is made from components (assembled) while a t-shirt is manufactured from raw materials.
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There is an inverse relationship between the assessment of risk of material misstatement in an account and the amount of evidence required
a. True b. False Indicate whether the statement is true or false
Cash flow per share is a better indication of a firm's ability to make capital expenditure decisions and pay dividends than is earnings per share
Indicate whether the statement is true or false
Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: Myrtle Laurel TotalSales$560,000 $336,000 $896,000Variable Costs 176,000 174,000 350,000Contribution Margin 384,000 162,000 546,000Fixed Costs (allocated) 284,375 170,625 455,000Profit Margin$99,625 $(8,625) $91,000What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable?
A. $384,000 profit B. $99,625 profit C. $91,000 profit D. $71,000 loss
Typically, ________ are used to assess cognitive outcomes.
A. observations B. attitude surveys C. "pencil-and-paper" tests D. focus groups