Which of these would NOT contribute to a retailer's use of forward buy?O A. Low holding costsO B. Lower expected future prices from the manufacturerOC. Slow advances in product developmentO D. Long product shelf lifeO E. Volume discounts from the manufacturer

Forward buying - When a buyer negotiates the purchase of a commodity at current price i.e., today's…

Answered: Which of these would NOT contribute to…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 5MC: In the application of lower-of-cost-or-market, market is the (a) lowest sales price. (b) highest...

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Th e Industry and Business Risk excerpt states that, “Increased competition may lead tolower unit sales and excess production capacity and excess inventory. Th is may result in afurther downward price pressure.” Th e downward price pressure could lead to inventorythat is valued above current market prices or net realizable value. Any write-downs ofinventory are least likely to have a significant eff ect on the inventory valued using:A. weighted average cost.B. first-in, first-out (FIFO).C. last-in, first-out (LIFO).
What is false about cost plus mark-up pricing? a. attempts to apply or allocate fix costs to pricing strategy b. not intuitive c. good example of value-based pricing d. vulnerable to bad sales estimates e. All are correct f. All are incorrect
Which of the following choices correctly denotes factors that can influence a company's pricing practices for goods and services? Market Customer Conditions Costs Demand A. No Yes Yes B. No Yes No C. Yes Yes Yes D. Yes Yes No E. Yes No Yes Select one: a. Choice A b. Choice B C. Choice C Choice D Choice E d. e.
In the application of lower-of-cost-or-market, market is the (a) lowest sales price. (b) highest sales price. (c) replacement cost. (d) average sales price.
Which of the following performance measures will increase if inventory decreases and all else remains the same? Return on Residual Investment Income A) B) Yes Yes No Yes Yes No D) No No Multiple Choice Choice C Choice D Choice A
What is customer value? Choose the correct. A. Ratio between the customer's perceived benefits and the resources used to obtained these benefits. B. Excess of satisfaction over expectation. C. Post purchase dissonance D. None of the above.
Show Attempt History Current Attempt in Progress * In a period of rising prices, cost of goods sold will be less under FIFO than LIFO since the company is selling the older, less costly goods. In a period of rising prices, FIFO will result in O lower net income than LIFO. O lower net purchases than LIFO. O lower cost of goods sold than LIFO. O lower income tax expense than LIFO. eTextbook and Media Save for Later Attempts: 1 of 2 used Submit Answer םיב W S d b
which one of the following will tend to increase the length of the credit period? Decrease in Product cost Decrease in consumer demand Decrease in collateral value Increase in credit risk Increase in product standardization
the margin of safety is the reduction in sales that can occur before the break-even point is reached. It measures the cushion that a particular level of sales can decline without incurring a loss. Discuss two limitations of relying on a margin of safety when predicting future sales. Is it reliable? Why or why not? Provide support for rationale.
Which of the following would not be considered a resource cost of inflation? a. Additional trips to the bank b. Comparison shopping c. Reprinting menus d. Reprinting price tags e. Buyers pay more for what they buy
Sales pricing decisions do not usually consider A - total product absorption costsB - costs of competitors productsC - prices of competitors productsD - elasticity of demand for the product
The margin of safety can be defined as the amount by which sales can decrease beforelosses are incurred by the company.TRUEFALSE

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Which of these would NOT contribute to a retailer's use of forward buy? O A. Low holding costs O B. Lower expected future prices from the manufacturer OC. Slow advances in product development O D. Long product shelf life O E. Volume discounts from the manufacturer