After developing a plan and allocating the merchandise, the next step in the merchandise planning process involves
A. analyzing the performance and making adjustments.
B. replenishing the inventory levels.
C. penetration of new markets.
D. discussing buybacks with the vendors.
E. planning for the following season.
Answer: A
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A force majeure clause in a contract is a contract provision that excuses performance by a party when: A) an extraordinary event outside the party's control occurs. B) death or physical incapacity occurs, making it impossible to perform the services of the contract
C) the performance is made impossible by the wrongful act of the other party. D) an act that was legal at the time of the contract, is subsequently made illegal.
Which of the following actions is most consistent with Nike's goals?
A) using the same product designs for men's running shoes and women's running shoes B) producing formal attire in a variety of sizes and colors for both men and women C) focusing exclusively on shoes instead of the larger category of sports products D) drawing a line of contrast with the company's history by ending production of products for serious runners E) creating a line of custom products for athletes with disabilities
In a chi-square contingency test, the number of degrees of freedom is equal to the number of cells minus 1
Indicate whether the statement is true or false
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,700DLHsOverhead costs at the denominator activity level: Variable overhead cost$28,490 Fixed overhead cost$47,545 The following data pertain to operations for the most recent period: Actual hours 3,900DLHsStandard hours allowed for the actual output 3,850DLHsActual total variable manufacturing overhead cost$29,445 Actual total fixed manufacturing overhead cost$47,995 The fixed manufacturing overhead volume variance for the period is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $2,570 F B. $1,928 F C. $1,870 F D. $643 U