Global sourcing has become commonplace. Many companies now consider expanding their supply base to include foreign suppliers. List three reasons why companies choose to source globally
Lower price of materials (and services)
Overseas products may be of higher quality
Faster delivery times
Better array of services offered by the material supplier
Favorable exchange rates
Support local economies
Countertrade contracts
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Based on the hierarchy of effects model, conative-oriented advertisements are superior in facilitating product purchases and other consumer actions
Indicate whether the statement is true or false
Which of the following statements is true regarding activities?
A) An activity that drives overhead costs should only take place within the physical manufacturing facility. B) Activities can be consumed by resources. C) Overhead costs can be traced to more than one activity. D) Activities seldom cause work to be accomplished.
Orangewood Industries bought a new cash register for $7,500. Orangewood originally planned to use the cash register for 4 years and then sell it for $600. After 4 years, Orangewood had recorded $6,900 of depreciation. If the company continues to use the cash register, still planning to sell it eventually for $600, then Orangewood should record:
A. $1,725 of additional depreciation. B. the removal of the cash register from its books because it is fully depreciated. C. no additional depreciation. D. $600 of additional depreciation.
Which of the following would not be used in preparing a cash budget for October?
A. Budgeted sales and collections for October. B. Estimated depreciation expense for October. C. Budgeted capital equipment purchases for October. D. Budgeted salaries expense for October. E. Beginning cash balance on October 1.