Gross profit is equal to:
A) sales plus (sales discounts and sales returns and allowances) plus cost of merchandise sold
B) sales plus sales returns and allowances less sales discounts less cost of merchandise sold
C) sales plus sales discounts less sales returns and allowances less cost of merchandise sold
D) sales less (sales discounts and sales returns and allowances) less cost of merchandise sold
D
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There is a positive relationship between satisfaction, loyalty, and profitability
Indicate whether the statement is true or false
Common parts of an executive summary include:
a. who asked for the report b. the bottom line of the report c. both of the above d. none of the above
______ is the time required for the line to produce one unit to achieve an output rate that allows a firm to meet its demand requirements.
a. Idle time b. Flow time c. Cycle time d. Setup time
Which of the following relationships shows dependent demand inventory?
A) A business purchases a new car when the old one wears out. B) A tire maker buys cleaning supplies. C) An automaker purchases four tires for each car they produce. D) A winemaker buys grapes from farmers in the Columbia Valley. Answer: C c