Which of the following costs is not considered to be a period cost?
A. Freight paid on a purchase of raw materials
B. Depreciation of delivery vehicles
C. Salaries paid to company executives
D. Warehousing costs
Answer: A
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The lock-in effect ?
A. ?allows stocks to be priced efficiently. B. will be smaller in magnitude if tax rates are lower. C. ?is likely to reduce the volume of stocks being traded in a market. D. ?states that when stock prices rise, they will continue to do so for prolonged time periods.
A ________ is a formalized examination and/or review of a company's financial records.
A. financial forecast B. financial audit C. deed D. budget
Master Glue Hairspray, Inc contracts to purchase 100 umbrellas with its logo and slogan, "A spray a day keeps the rain and wind away!" specially printed on the umbrellas and its 1-800 telephone number on the umbrella handle. After the seller completes the order, Master Glue refuses to accept or pay for the umbrellas. Because of the special logo and telephone number, the seller has been unable to
find a new buyer. If the seller sues Master Glue, what is the proper measure of the seller's damages? a. Contract price minus market value of the goods at the time of delivery. b. Contract price. c. Lost profits. d. Cover price minus contract price.
Making global supply chains lean ______.
a. is difficult because it requires coordination to establish the rapid flow of goods and information b. is easy because annual deliveries required for JIT inventory management are easy to achieve c. is inexpensive because there is no need for safety stock d. reduces the need for quality control