Terrific Toys Company manufactures and sells children's skateboards. Each skateboard requires four bearings. For September, Terrific Toys Company has budgeted skateboard sales of 530 skateboards, while 570 skateboards are scheduled to be produced
Terrific Toys Company will begin September with 220 bearings in its beginning inventory. How many bearings should Terrific Toys Company purchase in September?
A) 310
B) 2,280
C) 2,500
D) 2,060
D
Explanation: D) Production 570 × 4 = 2,280 - 220 (BI) = 2,060
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In a period of rising prices, the inventory method which tends to give the highest reported cost of goods sold is
a. FIFO. b. average cost. c. LIFO. d. none of these.
Which of the following is true about mobile devices in the workplace?
A) If using a personally owned device, the employer cannot dictate use. B) If an employer provides a mobile device to an employee, the employee can use it for personal use as well as business use. C) Employers have the right to dictate mobile device usage policies. D) Most employers understand that employees can multitask and simultaneously take care of personal as well as professional issues with a mobile device. E) Most employees understand that taking care of personal issues on a mobile device can be disruptive to the work area, and should practice proper etiquette by stepping into a hallway or other non-work area to conduct personal business.