Which of the following is an assumption of the economic order quantity model?
A. Multiple products are involved.
B. Demand is not known.
C. Shortages are allowed.
D. Quantity ordered is received all at once in a single delivery.
D. Quantity ordered is received all at once in a single delivery.
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Profit margin can be calculated as:
A. operating income/sales revenue. B. operating income/average invested assets. C. sales revenue/average invested assets. D. average invested assets/sales revenue.
Which of the following represent resources accumulated via community relationships and access to others which are 'traded' for other things?
a. Latent ties. b. Social capital. c. Legitimate power. d. Network units. e. Nodes.
Deciding what interface and to what device to send the packet back out is step ________ in the routing process
A) 1 B) 2 C) 3 D) 4
Wakefield Company uses a perpetual inventory system. In August, it sold 2,000 units from its LIFO-base inventory, which had originally cost $35 per unit. The replacement cost is expected to be $45 per unit. The company is planning to reduce its inventory and expects to replace only 1,500 of these units by December 31, the end of its fiscal year. The company replaced 1,500 units in November at an actual cost of $50 per unit.Assume that the replacement did not happen in November. In December, the company decided not to replace any of the 1,500 units. The entry required on December 31 to eliminate valuation accounts related to the inventory that will not be replaced will include:
A. a credit to Cost of Goods Sold for $15,000. B. a debit to Inventory for $15,000. C. a debit to Inventory for $70,000. D. a debit to Excess of Replacement Cost over LIFO Cost of Inventory Liquidation for $22,500.