CP
Casey Papabear
Answers (6)
CP
Answered
Which of the following is considered a carrying cost associated with granting credit?
A) A firm's required return on payables.
B) A firm's gains from bad debts.
C) A firm's cost of managing credit.
D) A firm's cost of managing payments to suppliers.
E) A firm's cost of equity.
A) A firm's required return on payables.
B) A firm's gains from bad debts.
C) A firm's cost of managing credit.
D) A firm's cost of managing payments to suppliers.
E) A firm's cost of equity.
On Jul 27, 2024
C
CP
Answered
It is much easier to return a product to an online retailer than to a traditional bricks and mortar seller.
On Jul 24, 2024
False
CP
Answered
Customer-oriented metrics would most likely be used to ________.
A) collect data on customer satisfaction
B) identify customer needs and demands
C) link customer needs with core competencies
D) direct marketing efforts towards global segments
A) collect data on customer satisfaction
B) identify customer needs and demands
C) link customer needs with core competencies
D) direct marketing efforts towards global segments
On Jun 27, 2024
A
CP
Answered
The pension asset/liability reported within the balance sheet must reflect the funded status of the pension plan.
On Jun 24, 2024
True
CP
Answered
Briefly explain the conditions under which job order cost accounting systems and process cost accounting systems are commonly applied.
On May 27, 2024
Job order cost accounting systems are commonly used when each product or job has a unique design so that the manufacturing process focuses on the production of that specific job.
Process cost accounting systems are commonly used when manufacturing operations produce a large volume of standardized units that generally pass from one manufacturing process to another.
Process cost accounting systems are commonly used when manufacturing operations produce a large volume of standardized units that generally pass from one manufacturing process to another.
CP
Answered
Black Company determined its December 31, 2010 inventory to be $1, 000, 000 based on a physical count priced at cost.It then determined the following additional information: Merchandise costing $90, 000, was shipped FOB shipping point from a vendor on December 30, 2010.This merchandise was received and recorded on January 5, 2011.
Goods costing $120, 000 were staged on the shipping dock and excluded from inventory although shipment was not made until January 4, 2011.The goods were billed to the customer FOB shipping point on December 30, 2010.
What is Black's ending inventory for its December 31, 2010 balance sheet?
A) $1, 000, 000
B) $1, 090, 000
C) $1, 120, 000
D) $1, 210, 000
Goods costing $120, 000 were staged on the shipping dock and excluded from inventory although shipment was not made until January 4, 2011.The goods were billed to the customer FOB shipping point on December 30, 2010.
What is Black's ending inventory for its December 31, 2010 balance sheet?
A) $1, 000, 000
B) $1, 090, 000
C) $1, 120, 000
D) $1, 210, 000
On May 25, 2024
D