Which one of the following is correct?
a. Inventory losses can be identified and controlled better under the perpetual system.
b. Inventory can only be sold at the end of an accounting period under the periodic system.
c. There is no difference in cost to implement a perpetual as compared to a periodic system.
d. The perpetual system eliminates the need for an annual inventory count.
a
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Composite, Inc, a firm specializing in building materials, engaged in the following transaction during 2013: issued 2,000 shares of common stock for $7,500 million in cash. Indicate the effects of the transaction on the balance sheet equation. (Composite Inc applies U.S. GAAP financial reporting standards, and reports its results in millions of dollars.)
a. Liabilities +$7,500 million; Shareholders' Equity -$7,500 million b. Liabilities +$7,500 million; Shareholders' Equity +$7,500 million c. Assets +$7,500 million ; Liabilities +$7,500 million d. Assets +$7,500 million ; Shareholders' Equity +$7,500 million e. Assets -$7,500 million ; Liabilities -$7,500 million
The principle of prioritized planning requires the entrepreneur to categorize his or her tasks by their degree of importance and then to allocate time to tasks based on this categorization.
Answer the following statement true (T) or false (F)
During analysis in simulation methodology, the decision maker can perform:
a. Descriptive statistics such as points and estimates. b. Hypothesis testing. c. Risk analysis. d. All of the above
Which of the following statements is true of computer-integrated manufacturing (CIM)?
A. It results when a computer-aided manufacturing software is integrated with an enterprise resource planning software. B. It allows firms to produce custom-designed products for individual customers quickly at low costs. C. It provides protection against inventory stock-outs and lost sales due to supply disruptions. D. It focuses on integrating the flow of information among all aspects of a single organization's operations.