The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the Emporium is shown in the top row of the table. The Emporium buys the snow globes from a distributor for $5 and sells them for $8
All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. What are the Snow Globe Emporium's purchases (in dollars) for March?
Sales and Purchase Forecast
The Snow Globe Emporium
January February March April
Sales Forecast (units) 2,000 3,000 3,800 4,700
Purchases from Suppliers ($)
Payments to Suppliers
A) $19,000
B) $22,800
C) $23,500
D) $24,000
E) $30,400
C
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Which of the following most likely would be "blinded" on a copy of the purchase order sent to the receiving department?
a. inventory descriptions b. vendor identification c. quantities d. freight terms
Which of the following best describes the difference between access controls and application controls?
A. Access controls limit who can change records and application controls provide an audit trail of any changes. B. There is no difference between access and application controls. C. Access controls implement business rules and application controls do not. D. Access controls are "prohibited" business rules and application controls are "allowed" business rules.
Technology has fostered all of the following changes EXCEPT the
A) way journalists collect information. B) way journalists report information. C) delivery of media content to audiences. D) Web presence of traditional media. E) increasing number of daily newspapers.
If each of the VRIN conditions is satisfied, then there is the possibility of a resource providing:
a. Competitive advantage b. Sustainable competitive advantage c. New market opportunities d. More efficient and effective internal procedures