What term describes a supply chain that is designed to optimize both forward and reverse flows?
A) closed-loop supply chain
B) full-journey supply chain
C) circular supply chain
D) network supply chain
E) recycled supply chain
A
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In the United States, an external audit must be conducted by a(n) _______.
a. independent CPA b. forensic accountant c. chartered accountant d. certified government accountant e. financial advisor
Maya Company reports the following amounts for the year ending on December 31, 2004: Merchandise Inventory, January 1, 2004 : $70,000 Cost of Transportation : $2,300 Invoice Cost of Merchandise Purchases : $195,000 Purchase Returns and Allowances: $4,650 Purchase Discounts Received: $3,500 Cost of Goods Sold: $158,700 Cost of merchandise returned by customers and restored to inventory: $17,300 Calculate the Merchandise Inventory, December 31, 2004.
A) $117,750 B) $83,150 C) $45,150 D) $113,150 E) $129,450