What are universal product codes (UPCs)? Explain their use in packaging
What will be an ideal response?
ANSWER: A universal product code (UPC) is a series of thick and thin vertical lines, readable by computerized optical scanners that represent numbers used to track products. Because the numerical codes appear as a series of thick and thin vertical lines, they are often called bar codes. The lines are read by computerized optical scanners that match codes with brand names, package sizes, and prices. They also print information on cash register tapes and help retailers rapidly and accurately prepare records of customer purchases, control inventories, and track sales. The UPC system and scanners are also used in scanner-based research.
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Listed below are the major functions of the purchasing process.1) Purchasing function.2) General ledger function.3) Invoice-processing function.4) Disbursement function.5) Accounts payable function.6) Requisition and receiving function.Name four pairs of functions that should be segregated from each other and explain why the segregation is important.
What will be an ideal response?
The correct order of the three stages of accounting is
A) communication, processing, and measurement. B) measurement, communication, and processing. C) processing, measurement, and communication. D) measurement, processing, and communication.
A) By how much can the amount of space decrease before there is a change in the profit?
b) By how much can the amount of space decrease before there is a change in the product mix? c) By how much can the amount of time available to set up the display can increase before the solution (product mix) would change? d) What is the lowest value for the amount of time available to set up the display increase before the solution (product mix) would change?
Qwerty, Inc. prepaid $7,200 on November 1, 2014 for a one-year insurance premium. On January 1, 2015 of the next year (after December 31 adjustments), the Prepaid Insurance account will have a debit balance of ________
A) $6,600 B) $7,800 C) $7,200 D) $6,000