Mr. Etemadi has prepared the following list of statements about service companies and merchandisers. Identify each statement as true or false. If false, indicate how to correct the statement?1. Measuring net income for a merchandiser is conceptually the same as for a service company. A. True B. False2. For a merchandiser, sales less operating expenses is called gross profit. A. True B. False3. For a merchandiser, the primary source of revenues is the sale of inventory. A. True B. False4. Sales salaries and wages is an example of an operating expense. A. True B. False 5. The operating cycle of a merchandiser is the same as that of a service companies. A. True B. False6. In a perpetual inventory system, no detailed inventory records of goods on hand are maintained. the accounting period. A. True B. False7. In a periodic inventory system, the cost of goods sold is determined only at the end of the accountng perod. A. True B. False8. A periodic inventory system provides better control over inventories than a perpetual Instructions. A. True B. False

Alocation analysis has been narrowed down to two locations, akron and boston. the main factors in the decision will be the supply of raw materials, which has a weight of .50, transportation cost, which has a weight of .40, and labor cost, which has a weight of .10. the scores for raw materials, transportation, and labor are for akron 60, 80, and 70, respectively; for boston 70, 50, and 90, respectively. given this information and a minimum acceptable composite score of 75, we can say that the manager should:

Exercise 18-15 sheffield appliance center is an experienced home appliance dealer. sheffield appliance center also offers a number of services for the home appliances that it sells. assume that sheffield appliance center sells ovens on a standalone basis. sheffield appliance center also sells installation services and maintenance services for ovens. however, sheffield appliance center does not offer installation or maintenance services to customers who buy ovens from other vendors. pricing for ovens is as follows. oven only $790 oven with installation service 850 oven with maintenance services 970 oven with installation and maintenance services 990 in each instance in which maintenance services are provided, the maintenance service is separately priced within the arrangement at $180. additionally, the incremental amount charged by sheffield appliance center for installation approximates the amount charged by independent third parties. ovens are sold subject to a general right of return. if a customer purchases an oven with installation and/or maintenance services, in the event sheffield appliance center does not complete the service satisfactorily, the customer is only entitled to a refund of the portion of the fee that exceeds $790. assume that a customer purchases an oven with both installation and maintenance services for $990. (b) indicate the amount of revenue that should be allocated to the oven, the installation, and to the maintenance contract.

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize