Which one of the following statements on inventory placement of finished goods is BEST?
A) Forward placement might help reduce transportation cost.
B) Forward placement is consistent with a competitive priority that calls for customization.
C) Inventory pooling should be avoided when demand in various regions fluctuates month to month.
D) Backward placement is consistent with a competitive priority that calls for fast delivery times.
A
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Leather Shop earned net income of $ 57, 000 after deducting depreciation of $ 5, 000 and all other expenses. Current assets decreased by $ 4, 000, and current liabilities increased by $ 8, 000. How much was Leather Shop's cash provided by operating activities (indirect method)?
A. $ 40, 000 B. $ 66, 000 C. $ 48, 000 D. $ 74, 000
The inventory of a merchandising company consists of Raw Materials Inventory, Work-in-Process Inventory, and Finished Goods Inventory
Indicate whether the statement is true or false