When a company uses the first-in, first-out (FIFO) method, the cost of goods sold correlates to the most recently purchased goods, and the value of ending inventory correlates to the oldest goods in stock
Indicate whether the statement is true or false
FALSE
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In the ________ approach of direct marketing, a medium is used directly to obtain an order.
A. one-step B. indirect C. one-to-many D. three E. two-step
What determines values for an unknown continuous variable behavior or estimated future value?
A. Clustering B. Estimation analysis C. Classification D. Affinity grouping
Racquet Master (RM) Sports manufactures and distributes two types of tennis rackets: Dominant Drive (DD) and Major Smash (MS). Both types of rackets go through Operations 1 and 3. MS also goes through Operation 2, which adds a layer of graphite for additional strength. All material is added at the beginning of their respective operations.The following information relates to a work order from Discount Warehouse, Inc. for 30,000 units of DD (Work order #286) and 8,000 units of MS (Work order #354). Work order #286Work order #354?Direct materials: ?Operation 1$120,000 $80,000 ?Operation 2 --- 20,000 ?Operation 3 45,000 30,000 ?Conversion costs: Operation 1 30,000 15,000 Operation 2 --- 25,000 Operation
3 14,793 14,896 Required:Assume that there are 3,000 units of DD and 2,000 units of MS in Operation 3 at the end of the reporting period that are 45% and 65% complete, respectively. Compute the ending inventory for Operation 3. What will be an ideal response?
Which promotional tools involves a purchase situation involving a personal, paid-communication between two people in an attempt to influence each other?
A. implicit communication B. personal selling C. mass communication D. public relations E. synergistic communication