Walmart uses a push supply chain
Indicate whether the statement is true or false
F
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Which one of the following adjustments increases net income for the period?
a. Recognition of the amount of supplies used b. Recognition of interest on a note receivable c. Recognition of wages earned, but not paid to employees d. Recognition of rent costs that had been paid to the landlord in advance
A decrease in long-term assets always means old assets were sold during the year
Indicate whether the statement is true or false
Big Mike's Health Food Store sells nutritional energy foods. The price of the products sold varies according to individual customer accounts and situations. For example, long-time customers receive discounts. This strategy is an example of ________
A) time-based pricing B) seasonal pricing C) dynamic pricing D) promotional pricing E) penetration pricing
The Bharu Violin Corporation has the capacity to manufacture and sell 5,000 violins each year but is currently only manufacturing and selling 4,800. The following data relate to annual operations at 4,800 units: Per ViolinSelling price$600 Manufacturing costs: Variable$130 Fixed$270 Selling and administrative costs: Variable$20 Fixed$40?Woolgar Symphony Orchestra is interested in purchasing Bharu's excess capacity of 200 units but only if they can get the violins for $350 each. This special order would not affect regular sales or the total fixed costs.If the special order from Woolgar Symphony Orchestra is accepted, the financial advantage (disadvantage) Bharu for the year should be:
A. ($10,000) B. $40,000 C. ($22,000) D. ($28,000)