Homework Answers
False,
outside companies or audit firms are frequently used by companies to audit check the physical inventory of the company and whether it matches the inventory equivalent from the database.
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To save time when performing physical inventory counts, outside companies are rarely used because they are...
Process cost accounting systems are used only by companies that manufacture physical products; meaning that companies...
Process cost accounting systems are used only by companies that manufacture physical products; meaning that companies and other organizations that provide services to their customers do not use process cost accounting. Select one: True False exp why
When are actual physical counts of merchandise inventory necessary? w Multiple Choice o Are not necessary...
When are actual physical counts of merchandise inventory necessary? w Multiple Choice o Are not necessary under the personic system o Are never necessary under the perpetual system C Must be taken at least once a quarter • Are necessary to adjust the Merchandise inventory account to the actual inventory in perpetual and Demo c ny m s O Are neve necessary under the courto best con
When performing financial statement ratio analysis, it may be difficult to compare some of the ratios...
When performing financial statement ratio analysis, it may be difficult to compare some of the ratios of two companies in the same industry if their accounting policies are different in key areas, for example different inventory and cost of goods sold policies. TRUE OR FALSE
If a perpetual inventory system is used and a physical count discloses a shortage, the cost of merchandise sold...
If a perpetual inventory system is used and a physical count discloses a shortage, the cost of merchandise sold should be debited and the merchandise inventory account credited. 1) True 2) False Although Allowance for Doubtful Accounts normally has a credit balance, it may have either a debit or a credit balance before adjusting entries are recorded at the end of the accounting period. 1) True 2) False
When the value of inventory falls below its cost, companies other than those that use LIFO...
When the value of inventory falls below its cost, companies other than those that use LIFO have the option of recording the inventory at cost or the lower net realizable value. True False 25 135 When the net realizable value of inventory falls below its cost, no adjustment to the accounting records is needed True False 016 18 The adjustment to write down inventory from cost to its lower net realizable value includes a debit to Cost of Goods Sold...
QUESTION 8 Which statement is false? Taking a physical inventory involves actually counting, weighing, or measuring...
QUESTION 8 Which statement is false? Taking a physical inventory involves actually counting, weighing, or measuring each kind of inventory on hand. No matter whether a periodic or perpetual inventory system is used, all companies need to determine inventory quantities at the end of each accounting period An inventory count is generally more accurate when goods are not being sold or received during the counting. Companies that use a perpetual inventory system must take a physical inventory to determine inventory...
Pipelining improves the performance by reducing the execution time of each instruction. True False L A...
Pipelining improves the performance by reducing the execution time of each instruction. True False L A Moving to another question will save this response. Question 8 Write-allocate policy requires fetching the data block into the cache from memory when a write miss occurs. True False L A Moving to another question will save this response. Clone Window Moving to another question will save this response. Question of 18 Question 9 2 points Save Although Page Tables require significant amount of...
Question 5 (2 points) The larger the demand variability the smaller the lead time. True False Question 6 (2 points) A perpetual inventory system is a physical count of items made at periodic int...
Question 5 (2 points) The larger the demand variability the smaller the lead time. True False Question 6 (2 points) A perpetual inventory system is a physical count of items made at periodic intervals True False Question 7 (2 points) Unions generally approve of part-time workers True False Part-time workers get similar fringe benefits to full-time workers True False Question 9 (2 points) Layoffs cost significant amounts of money True False Question 10 (2 points) Overtime/slack time is less severe...
Material-requirements planning can be, and often is, used in conjunction with just-in-time inventory management. Group of...
Material-requirements planning can be, and often is, used in conjunction with just-in-time inventory management. Group of answer choices True False
FEA 1. Answer True or False below. (2 points each) When performing a nonlinear FE analysis,...
FEA
1. Answer True or False below. (2 points each) When performing a nonlinear FE analysis, pressure is considered a “follower force.” Once an element aspect ratio exceeds 1, the larger the aspect ratio, the better the element performs. Eigenvalue buckling provides a good estimate of the Euler critical buckling load. It is important to include the Bauschinger effect in your FE model when simulating problems that experience large strain. Buckling can be considered as the inverse of stress stiffening....
When are actual physical counts of merchandise inventory necessary? w Multiple Choice o Are not necessary under the personic system o Are never necessary under the perpetual system C Must be taken at least once a quarter • Are necessary to adjust the Merchandise inventory account to the actual inventory in perpetual and Demo c ny m s O Are neve necessary under the courto best con
If a perpetual inventory system is used and a physical count discloses a shortage, the cost of merchandise sold should be debited and the merchandise inventory account credited. 1) True 2) False Although Allowance for Doubtful Accounts normally has a credit balance, it may have either a debit or a credit balance before adjusting entries are recorded at the end of the accounting period. 1) True 2) False
When the value of inventory falls below its cost, companies other than those that use LIFO have the option of recording the inventory at cost or the lower net realizable value. True False 25 135 When the net realizable value of inventory falls below its cost, no adjustment to the accounting records is needed True False 016 18 The adjustment to write down inventory from cost to its lower net realizable value includes a debit to Cost of Goods Sold...
QUESTION 8 Which statement is false? Taking a physical inventory involves actually counting, weighing, or measuring each kind of inventory on hand. No matter whether a periodic or perpetual inventory system is used, all companies need to determine inventory quantities at the end of each accounting period An inventory count is generally more accurate when goods are not being sold or received during the counting. Companies that use a perpetual inventory system must take a physical inventory to determine inventory...
Pipelining improves the performance by reducing the execution time of each instruction. True False L A Moving to another question will save this response. Question 8 Write-allocate policy requires fetching the data block into the cache from memory when a write miss occurs. True False L A Moving to another question will save this response. Clone Window Moving to another question will save this response. Question of 18 Question 9 2 points Save Although Page Tables require significant amount of...
Question 5 (2 points) The larger the demand variability the smaller the lead time. True False Question 6 (2 points) A perpetual inventory system is a physical count of items made at periodic intervals True False Question 7 (2 points) Unions generally approve of part-time workers True False Part-time workers get similar fringe benefits to full-time workers True False Question 9 (2 points) Layoffs cost significant amounts of money True False Question 10 (2 points) Overtime/slack time is less severe...
FEA
1. Answer True or False below. (2 points each) When performing a nonlinear FE analysis, pressure is considered a “follower force.” Once an element aspect ratio exceeds 1, the larger the aspect ratio, the better the element performs. Eigenvalue buckling provides a good estimate of the Euler critical buckling load. It is important to include the Bauschinger effect in your FE model when simulating problems that experience large strain. Buckling can be considered as the inverse of stress stiffening....
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