SYSTEMDATE can be used to include the computer's date in a SQL statement. _________________________
Indicate whether the statement is true or false
False - SYSDATE
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Under the weighted-average method for inventory costing, the cost per unit is determined by ________.
A) dividing the cost of goods available for sale by the number of units available for sale B) dividing the cost of goods available for sale by the number of units in beginning inventory C) multiplying the number of units purchased with the weighted-average cost D) multiplying the cost of goods available for sale by the ending weighted-average cost of the previous accounting period
Which of the following can increase a company's return on investment?
A) decrease in operating income B) decrease in total assets C) decrease in asset turnover ratio D) decrease in residual income
Inventory turnover
A) is computed by dividing average inventory by cost of merchandise sold B) measures the relationship between the volume of goods sold and amount of inventory carried C) increases the risk of loss from damaged merchandise D) is computed by dividing the beginning inventory plus the ending inventory by two
Prime cost is
A) indirect materials cost and indirect labor cost B) direct materials cost and direct labor cost C) direct labor cost and overhead cost D) selling cost and administrative cost