Production cost reports prepared using the first-in, first-out (FIFO) method assume that the first units started in the production process are the last units completed and sold
Indicate whether the statement is true or false
FALSE
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Daniel has an excellent idea to increase productivity on his assembly line. However, the original idea he sent to his superiors was altered along the way and became ineffectual. This occurrence is known as
a. gatekeeping. b. summarization. c. upward distortion. d. withholding.
Which of the following variables are probabilistic in an inventory model that requires simulation?
A) demand only B) lead time only C) holding cost only D) Both A and B E) A, B, and C
A company has a net cash inflow from operating activities of $794,000, a net cash outflow of $60,000 from investing activities and a net cash inflow of $100,900 from financing activities. The company paid $129,000 in interest, $189,000 in income taxes, and $205,000 in cash dividends. Which of the following statements about the statement of cash flows is not correct?
A. Supplemental disclosures required for a company using the indirect method include the amount of interest and the amount of income taxes paid. B. The cash dividends of $205,000 paid will be reported as a cash outflow in the cash flow from investing activities section. C. The statement of cash flows will show a net increase in cash and cash equivalents of $834,900. D. If the direct method is used, the $129,000 of interest paid and the $189,000 of income taxes paid will be reported in the cash flows from operating activities.
When used to determine how to allocate funds for advertising, the ________ method has three steps-defining objectives, determining strategy, and estimating cost.
A. objective/task B. share-of-market/share-of-voice C. unit-of-sales D. percentage-of-profit E. percentage-of-sales