When using the periodic inventory system, which of the following generally would not be separately accounted for in the computation of cost of goods sold?
a. Trade discounts applicable to purchases during the period
b. Cash (purchase) discounts taken during the period
c. Purchase returns and allowances of merchandise during the period
d. Cost of transportation-in for merchandise purchased during the period
Answer: a. Trade discounts applicable to purchases during the period
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A shoe factory is being built that will employ mostly women. A broker who manages nearby apartment buildings instructs their employees to direct their advertising to married women without children and charge more rent to certain minority groups. Are either of these practices in violation of the fair housing laws?
a. Directing advertising to married women without children is a violation of fair housing laws. b. Charging certain ethnic groups a higher rate is a violation of fair housing laws. c. Both a. and b. d. Neither a. nor b.
The expected activity time in PERT analysis is calculated as:
A) the simple average of the optimistic, pessimistic, and most likely times. B) the weighted average of a, m, and b, with m weighted 4 times as heavily as a and b. C) the sum of the optimistic, pessimistic, and most likely times. D) the sum of the optimistic, pessimistic, and most likely times, divided by six. E) the sum of the activity variances, divided by six.