Torrence Inc has recently calculated the inventory turnover for the current year to be 30. In prior years, the same ratio was always lower. Which of the following statements would be the best interpretation for the reason for the ratio's change?
A) The company had less sales in the current year than in prior years.
B) The company purchased less inventory in the current year than in prior years.
C) The company took fewer days to sell its inventory in the current year than in prior years.
D) The company took more days to sell its inventory in the current year than in prior years.
C
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Suppose a soft-drink company, Loco Cola, is conducting a force-field analysis to determine which forces could facilitate a proposed change (the introduction of a new lemon-lime soda) and which forces could act against it. Which of the following would Loco Cola consider a counterthruster?
A. Market research indicates that noncaffeinated, clear (lemon-lime) sodas are increasing in popularity. B. Loco Cola's Facebook pages has more than 3.5 million likes. C. Loco Cola has never been able to gain any significant market share outside of the Midwest. D. In unbiased surveys, college students often say that Loco Cola manufactures their favorite soft drinks. E. Loco Cola is a favorite among the Millennial generation.
Which of the following bank reconciliation items would result in a journal entry on the company's books?
a. Bank error b. Interest income c. Deposit in transit d. Outstanding checks
Revenue management adjusts the pricing and available supply of assets to maximize profits
Indicate whether the statement is true or false.
Automation in manufacturing processes can be broadly classified into ______.
a. fixed and flexible b. temporary and durable c. agile and synchronous d. lean and durable