Which company would most likely have the largest inventory in proportion to current assets?
a. Google
b. PricewaterhouseCoopers (accounting firm)
c. Law firm
d. Wal-Mart
d
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A departmental income statement showing gross profit can help management identify problems with both the sales prices and purchase prices of its products
a. True b. False Indicate whether the statement is true or false
Which of the following is not true of a fashion merchandise category?
A. The change of colors and styles can make the basic product fashion merchandise. B. New products are continually introduced into these categories. C. It consists of items that are only in demand for a relatively short period of time. D. Forecasting sales for this category is simplistic and predictable. E. The introduction of new products makes the existing products obsolete.
Because companies have suffered so few public image problems, few corporations have codes of ethics
a. True b. False Indicate whether the statement is true or false
An electronics store sells two models of television. The sales of these two models, X and Y, are dependent, that is, if the price of one increases, the demand for the other increases. A study is made to find the relationship between the demand (D) and the price (P) in order to maximize the revenue from these products. The result of the study is shown below
DX = 476 – 0.54 PX + 0.22 PY DY = 601 + 0.12 PX – 0.54 PY
a. Construct a model for the total revenue and implement it on a spreadsheet. b. Develop a two-way data table to estimate the optimal prices of each of the two products in order to maximize the total revenue. Vary price of each product from $600 to $900 in increments of $50.