Answer: The motorcycle because you can sell it for more cash than the cash prize option. Value = $25000 (the price you can sell it for.)
Explanation:
Based on the scenario in the question, we've been given three options which are a new motorcycle, with an MSRP of $30000, or $20000 in cash.
The manufacturer's suggested retail price (MSRP) is simply the price that the producer of a product recommends ifor the product to be sold in retail stores.
Based on the scenario, the best option will be to choose the motorcycle. This is because it can sold for an amount that is not than the cash prize option of $20,000 since the motorcycle is valued at $25000.
Answer:
The correct answer is letter "B": since there is no count of inventory during the review period, a stockout is possible.
Explanation:
The fixed-period inventory system, also known as a periodic inventory system, only updates the organization’s inventory balance when an actual physical count of the inventory is necessary. Most companies only carry out a physical inventory count once every quarter or year, being this the reason why this system is called "fixed-period". However, this could lead to a company stockout at an unexpected period when the count was not carried out yet.
Answer:
Will switching to a perpetual inventory system strengthen Triple Creek Hardware’s control over inventory items?
- Yes, a perpetual inventory system provides updated information about inventory levels and costs. Since it is updated immediately, many of the company's problems could be solved, e.g. you can place an alert for minimum inventory levels on certain products and you can determine if the stocks of low sellers are too high.
Will switching to a perpetual inventory system eliminate the need for a physical inventory count?
- It will not completely eliminate the need to carry out a physical inventory, but it should reduce it substantially. Also, you can carry out a random physical inventory for certain products only. If the physical count shows that there are problems with the registered inventory, then you can carry out a complete physical count.
Answer:
medium of exchange. since it is being offered in exchange for the car
Answer: (C) An interim report
Explanation:
An interim report is one of the type of report system in an organization that helps in collecting the various types of financial based data by properly analyzing on the basis of the performance.
The main objective of the interim report is to give timely update with the proper entity of the performance in an organization. In this report, the company statement include all the financial based information which contains the whole year report of the company.
According to the given question, Sonia is the manager of a advertising agency and she has prepared an interim report by proper analyzing the work quality and some recommendations for the project.
Therefore, Option (C) is correct answer.
