In comparison with the basic EOQ approach, the fixed interval model does not require close surveillance of inventory levels
Indicate whether the statement is true or false
True
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The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019.
The prior service cost amortization each year was $290,000. The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets was 10%. The actual return on plan assets was 9.5%. Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees. What is the balance of the projected benefit obligation as of December 31, 2019? A. $2,575,000 B. $5,599,000 C. $2,090,000 D. $4,895,000
Answer the following statements true (T) or false (F)
1. The stronger the culture, the less reliant the organization needs to be on bureaucratic management controls found in traditional industrial organizations. 2. If an organization’s culture is strong, it becomes another core competency. 3. When any manager ignores an employee action that impacts the “show” or guest experience, this does not affect other employees. 4. Once employees have been trained, hospitality managers need not spend time and energy on reminding their existing employees of the cultural values. 5. People in open-culture organizations need more time to adapt to changes in customer expectations.
The ____ would not affect the economic order quantity
a. company's weighted average cost of capital b. cost of purchase requisition forms c. cost of insuring inventory d. cost of a stockout
A formal written statement of management's plans for the future, expressed in financial terms, is a:
A) gross profit report B) responsibility report C) budget D) performance report