As long as all activities in the value chain are working well, managers do not need to be concerned with aligning the activities.
Answer the following statement true (T) or false (F)
False
CEOs in recent years have been concentrating on aligning the various elements of the value chain, meaning that all facets of the company are working together to ensure that no snags will negatively impact the firm's value proposition.
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A market-based business lays more emphasis on assets and technology than understanding their customers
Indicate whether the statement is true or false
Explain the meaning of the operating loss and operating income areas on a cost-volume-profit (CVP) graph.
What will be an ideal response?
Joint costs are useful for
a. setting the selling price of a product. b. determining whether to continue producing an item. c. evaluating management by means of a responsibility reporting system. d. determining inventory cost for accounting purposes.
1. $7,000 of merchandise inventory was ordered on September 2, 2009 2. $3,000 of this merchandise was received on September 5, 2009 3. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received. 4. On September 10, 2009, $800 of the merchandise was returned to the seller. Based on the above information,
what would be recorded as the cash payment if the invoice is paid within the discount period? A) $2,200 B) $2,134 C) $2,450 D) $2,384