Lucy works in a distribution center for a vitamin and nutritional supplement company. Part of her job entails gathering all goods with similar characteristics in one area of the distribution center. From there, she can facilitate the proper inventory controls to ensure that no expired vitamins or supplements are shipped to stores for sale. Lucy's job involves product
A. assortment.
B. allocation.
C. accumulation.
D. picking.
E. sortation.
Answer: E
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A retailer has a collection period of 30 days. Its net sales equals $1,000,000 . Its accounts receivable _____
a. equals $30,000 b. equals $60,000 c. equals $82,192 d. cannot be determined from the information provided.
On-time delivery measures how many shipments are shipped on time.
Answer the following statement true (T) or false (F)
A firm has a return on equity of 14% and a dividend-payout ratio of 60%. The firm's anticipated growth rate is
A. 5.6%. B. 10%. C. 14%. D. 20%.
Withdrawal account, revenues account, expenses account and income summary account are
a. Permanent accounts b. Temporary accounts c. Equity accounts d. Closing accounts e. None of these above