The closer a company moves toward lean manufacturing processing, the more differences in unit costs between average costing and FIFO will be reduced.

Beginning inventory, purchases, and sales data for tennis rackets are as follows: Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using FIFO.​

An individual has an insurable interest in property whenever that person derives a(n) ________

A) above fair market value quote for the property.
B) ownership interest separate from a lending agency.
C) a clear title to the property.
D) fair market selling price.
E) financial benefit from its continued use.

_____ is a measure of speed.

A) Tempo
B) Range
C) Volume
D) Intonation

Evan is arrested for a theft committed by someone who stole his identity. A court orders his release, but due to a police error in Evan's paperwork, he is held in jail for a month. The police are most likely liable for

A) assault.
B) false imprisonment.
C) intentional infliction of emotional distress.
D) defamation.

At least 75% of an organization's consolidated external revenues are disclosed by separate operating segments. The remaining segments do not meet any of the reportable segment thresholds. Which of the following is true about the remaining segments?

A) They must still be reported as separate segments.
B) They can be combined only if they have similar economic characteristics.
C) They can be combined only if the segments are horizontally or vertically integrated.
D) They can be combined and classified as "other."