Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use
A) markdowns to move that old inventory?
B) information systems to move that old inventory?
C) pull systems to move that old inventory?
D) lost sales to move that old inventory?
Answer: A
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________ are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong
A) Attitudes B) Ethics C) Laws D) Biases
A manufacturer of plastic bottles for the medical trade purchases a new compression blow molder for its bottle production plant. How will the cost to the company of this piece of equipment be recorded?
A) It will be depreciated over time on the income statement and subtracted as a capital expenditure on the statement of cash flows. B) It will be depreciated over time on the income statement and subtracted as Inventory on the statement of cash flows. C) It will be depreciated over time on the income statement and therefore not be recorded separately on the statement of cash flows. D) It will be subtracted from Gross Profit on the income statement and therefore, not be recorded separately on the statement of cash flows.