What lot-sizing technique is generally preferred when inventory holding costs are extremely high?

A) lot-for-lot
B) EOQ
C) part-period balancing
D) the Wagner-Whitin algorithm
E) quantity discounting

How does the treatment of intra-entity gains differ when an affiliated group files a consolidated tax return compared to filing separate tax returns?

Under the periodic inventory method, the ending inventory is adjusted by debiting Income Summary and crediting Merchandise Inventory.

All of the following statements regarding profit margin are true except:

A) Profit margin reflects the percent of profit in each dollar of revenue.
B) Profit margin is also called return on sales.
C) Profit margin can be used to compare a firm's performance to its competitors.
D) Profit margin is calculated by dividing net income by net sales.
E) Profit margin is not a useful measure of a company's operating results.

Which of the following is true regarding the effect of a debtor offering to pay a different type of payment, for example, goods instead of money, on a debt for which there is not a dispute over the amount or existence of the debt, and the creditor agrees?

A) A liquidated debt is involved, and there is an accord and satisfaction.
B) A liquidated debt is involved, and there is an accord but no satisfaction.
C) A liquidated debt is involved, and there is not a satisfaction or an accord.
D) An unliquidated debt is involved, and there is an accord and satisfaction.
E) An unliquidated debt is involved, and there is an accord but not satisfaction.