Inventories effect - Study guides, Class notes & Summaries

CHAPTER 0 Accounting Cycle Review SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 0.1 Assets Liabilities Shareholders’ Equity (a) (b) (c) + + – + NE NE NE + – LO 1 BT: C Difficulty: Easy TOT: 2 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE 0.2 Assets = Liabilities + Shareholders’ Equity Cash + Accounts Receivable + Supplies = Accounts Payable + Bonds Payable+ Common Shares + Retained Earnings (1) +$60,000 +$60,000 (2) –9,000 –$9,000 Paid div...

IAAO 501 Exam Questions And Answers 100% Pass Audit - answerSystematic and methodical examination of records with the intent to berify their accuracy Financial Accounting Standards Board (FASB) - answerEstablishes the guidelines that are referred to as the Generally Accepted Accounting Principles (GAAP) Four major categories of personal property are - answerInventories Fixed Assets Leasehold improvements Intangibles Inventories - answerExample is goods in process Three characteristics...

Inventories Effect correct answers both the balance sheet and the income statement Legal Title correct answers The factor which determines wether or not goods should be included in a physical count of inventory is If goods in transit are shipped FOB destination correct answers the seller has legal title to the goods until they are delivered Which of the following should be included in the physical inventory of a company correct answers Goods held on consignment from another company F...

NSCA CPSS Exam 57 Questions with Verified Answers Understand the relevant theory and principles that underpin training. - CORRECT ANSWER Training Load model, Periodization, Parallel training model, Sequential Training Model, Periodization vs Programming - CORRECT ANSWER Periodization is a a macro-management strategy that serves as a training blueprint, from which periods of time are assigned that target specific skills, fitness, or performance related factors. Volume and intensity are inve...

Margin of safety - the difference between the usual effective dose and the dose that induces severe or life-threatening side effects Rights of drug administration - right patient, right medication, right does, right route of administration, and right time of delivery Injection routes - intramuscular, intrathecal, intravenous, subcutaneous intramuscular - drugs given by direct injection into muscle tissue intrathecal - needle is inserted between to vertebrea in the lower spine an into space a...

Solutions Manual Financial Accounting for MBAs 8th Edition Easton Solutions Manual Appendix C Comprehensive Case Road Map LO Learning Objective | Topics Page eLecture C-1 Explain and illustrate a review of financial statements and their components. Income Statement :: Balance Sheet :: Statement of Cash Flows :: Audit Opinion C-3 eC–1 C-2 Assess company profitability and creditworthiness. ROE Dis...

Define forecasting and the goals of forecasting. correct answers Forecasting provides an estimate of future demand Goal: minimize forecast error and match supply and demand - Identify factors that influence demand - Companies must accurately forecast demand to produce & deliver the right quantities List the benefits of improved forecasts. correct answers Improved forecasts benefits all trading partners with: -lower inventories -reduced stock-outs -smoother production plans -reduced c...

Solution Manual For Principles of Supply Chain Management A Balanced Approach, 6th Edition by Joel Wisner, Keah-Choon Tan, G. Keong Leong-1. Define the term supply chain management in your own words and list its most important activities. Answers: The Supply-Chain Council’s definition of supply chain management is ―managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution a...

Warehousing correct answers Companies storing their purchases, work-in progress, and finished goods Distribution Center correct answers A warehouse that is used to receive bulk shipments, break them down, repackage items, and distribute them to a manufacturing center or retail center Crossdocking correct answers Unloading an inbound vehicle and reloading the product onto an outbound vehicle with little to no storage Sorting correct answers Separating products into grades and qualities ...

Expansion remains slow The Commerce Department reported that retail sales increased 1.3 percent in June. Net exports were up 0.8 percent in the first quarter and inventories held by businesses rose by 0.3 percent in June. Total sales by businesses rose 0.3 percent. What is the effect of the rise in net exports on GDP? The rise in net exports _______. A. has no effect on GDP B. increases GDP C. increases or decreases GDP depending on whether it is composed of an increase in exports o...

BUS370 EXAM 3 REPORTED QUESTIONS WITH ALL CORRECT ANSWERS _______________ is holding a safety stock in a single location instead of multiple locations. Several locations then share these inventories to lower overall holding costs. A. Inventory cycling B. Inventory pooling C. Inventory separation D. Just in time inventory - Answer-B. Inventory pooling Managers must decide where in the supply chain to hold inventory. In general, the decision about where to position inventory is based...