List some inventory items found in your organization. Which of
these might be classified as A,...
List some inventory items found in your organization. Which of
these might be classified as A, B, or C items? Why? How would you
manage these items differently depending on their
classification?
Which of the following 4 items is most likely to be classified
as an A item in ABC Analysis?
annual usage
unit cost
widget
300
75
thingamajig
150
5
whatchamacallit
400
4
dohickey
82
60
A.
whatchamacallit
B.
thingamajig
C.
dohickey
D.
widget
Which of the following items would be classified as a source of
cash on a company's statement of cash flows?
1. increase in accounts receivable
2. Increase in accounts payable
3. Increase in Inventory
4.depreciation expense
A.3 ONLY
B.1 and 3 only
C.2 AND 4 ONLY
D 1,2,4
What cost might be included in the items in inventory and COGS
for a manufactoring company versus what cost would be included in
the items in inventory and COGS for a merchandising company?
Which of the following are independent demand inventory
items? Dependent demand inventory items?
1. Bicycles in a toy store
2. Bicycle wheels in a bicycle factory
3. Blood at a blood bank
4. Hamburgers at a fast-food restaurant
5. Hamburger buns at a plant that produces frozen dinners
Explain each with the reason and principle behind
it.
Presented below is a list of items that may or may not be
reported as inventory in a company’s December 31 balance sheet.
Indicate which of these items would typically be reported as
inventory in the financial statements. If an item should not be
reported as inventory, indicate how it should be reported in the
financial statements. Item in Financial Statement Financial
Statement 1. Goods out on consignment at another company’s store.
2. Goods sold on an installment basis (bad...
Presented below is a list of items that may or may not be
reported as inventory in a company's Dec 31 balance sheet.
Indicate which of these items would typically be reported as
inventory in the financial statements. If an item should not be
reported as inventory, indicate how it should be reported in the
financial statements.
1) Goods out on consignment at another company's store.
2) Goods sold on an installment basis (bad debts can be
reasonably estimated).
3)...
Which of the following items would be classified as liabilities
on a not-for-profit organization’s balance sheet? (select ALL that
apply)
A. Investments
B. Contingent liability
C. Prepaid expenses
D. Accounts receivable
E. Unearned Revenue
F. Post-employment benefit obligations
MULTI ANSWER: Which of the following items would usually be
classified as a current asset in a budgeted balance sheet?
a.
Bank overdraft
b.
Accounts receivable
c.
Cash at bank
d.
Inventory
e.
Fixtures and fittings