The allowance provided to take care of the contraction of casting is known as? b. C. Joint venture arrangements are usually short-term relationships. A) The shipping document must be in paper form. All of the following statements regarding sales returns and allowances are true except: A. Which of the following statements is true? © 2007-2021 Transweb Global Inc. All rights reserved. Retail Industry Practice Retailers such as grocery stores charge product manufacturing companies slotting fees for the right to display and sell their respective products on its retail shelf space. 41.Which of the following statements regarding slotting allowances is FALSE? C. Journal entries show the effects of transactions. Which of the following statements is true about the slotting allowances charged by many retailers? b.They have been criticized as representing a form of bribery. A company's channel decisions directly affect every ________. c) Internet ads are similar to print ads in that they offer only a visual message. 109. Statement 1 - For accounting periods ended before or on 31 December 2019, Covid-19 is likely to be a non-adjusting event per IAS 10. B. RDA is defined as being equal to adequate intake (Al) [D]. C. Manufacturer's assume that some of the monies paid to the retailer will be passed to the consumer. 19. 104. This is the correct answer. E. The costs slotting allowances add to new product introductions are minimal. C. Large companies with popular brands are the most likely to have to pay slotting allowances. Which of the following statements about the Internet as an advertising medium is true? Employers must pay withheld FICA taxes to the IRS. Regarding Sales Discount & Sales Returns & Allowances: Which of the following is true? D. Franchise operations. This negotiation can take place alongside conversations regarding advertising allowances, demonstration prices, and other special fees. Which of the following statements regarding sales returns and allowances is not true? Therefore, sales returns and allowances is … Under conditions of weak internal control, assets and revenues should be tested for overstatement. Get it solved from our top experts within 48hrs! A ________ is a need that is sufficiently pressing to direct a person to seek satisfaction. RDA is defined as being equal to the estimated average requirement(EAR) [C]. All of the following statements regarding FICA taxes are true except: a. FICA taxes are deducted from the employee. If a company offers a discount to encourage prompt payment and the discount is taken, the discount reduces the amount of Net Sales. Which of the following is NOT a typical supply chain member? B. Question 1 options: For the potential sales returns occurring in the near future, we created the account "Refunds Payable" to capture the estimated amount of cost of inventory that will be returned in the near future. 107. Retailers receive allowances from vendors through a variety of programs and arrangements. _____ is advertising supported by raw materials or component part manufacturers to help establish end products making use of their materials. B. D. The form can only be adjusted at the beginning of year or start of employment. The process of selecting one or more market segments to enter is called ________. Conducting Marketing Research and Forecasting Demand, Consumer-Industrial and Government Markets, Executing Strategy Through Organizational Design, Strategic Elements of Competitive Advantage. c. Merchandise inventory may include the costs of freight in and making them ready for sale. Sales Refund Payable is … 45. What else is needed to assure financial success? A) True B) False 17. A. Which of the following statements regarding bond payable net of a discount or premium is not true? Which of the following is true regarding note to the financial statement? (The other way is the direct write-off method.) Go to www.ftc.gov/opa/2003/11/slottingallowance.shtm to read the FTC’s report on slotting fees. 101. Content is from NCERT polity books standard V to XII. Answer: It is run by the channel, either to the next channel in the distribution chain or to final customers. Which of the following statements are true regarding cost estimating techniques? B. Ingredient-sponsored cooperative advertising. Term General Mills periodically offers a deal to the trade that permits retailers to deduct 15% from the invoice merely by placing an order during the period which GM is "dealing" a brand. Which two statements are true regarding the following extended ACL?. The marketing research process is presented to you in your text as: UPS is a company that hires a very high number of __________ and _________ workers. 102. Merchandise inventory appears on the balance sheet of a service company. a) Draft allowance b) Shrinkage allowance c) Machining allowance d) Shake allowance View Answer Which of the following statements is true about the slotting allowances charged by many retailers? Vendor allowances are generally intended to offset the retailer’s costs of selling the vendors’ products in its stores. Which of the following statements regarding lot-sizing is TRUE? d) Internet advertising is … 45. All information a user requires is in either the basic financial statements or the notes to financial statements Incorrect. 110. 101. At 31 December 20X1, it was decided to adjust the allowance for receivables to 5% of receivables which are $20,000. A. A) product idea B) product concept C) screened product D) test market E) prod... A ________ is the set of all products and items a particular seller offers for sale. The Direct Write-Off Method The alternative to the allowance method is the direct write-off method , under which bad debts are only written off when specific receivables cannot be collected. D. All tip income is taxable. Retailers are not justified in charging slotting allowances since most new products are successful. Which of the following statements is true? D. Each journal entry should begin with a date. 45. C) ASC 740 focuses on the income taxes paid or … These payments are called: 103. A. Sales returns and allowances do not have an impact on gross profit. Merchandise inventory refers to products a company owns and intends to sell. 106. If a company offers an early payment discount (such as 1% or 2% of the invoice amount if it is paid within 10 days instead of the required 30 days) the amount of the discount is recorded in the contra revenue account Sales Discounts. D. Slotting allowances are illegal and banned by the federal government. While slotting fee negotiations will vary by retailer, they do create an opportunity for manufacturers to reduce costs. RDA is statistically defined as two standered deviations (SD) above estimated average requirement (EAR) [B]. All of the following statements regarding sales returns and allowances are true except: a. Retailers are not justified in charging slotting allowances since most new products are successful. b. Which of the following statements is true regarding the $1,000,000 limit on covered employees? Identify and briefly describe some ofthe forces that have resulted in increased global... are the Sharpe ratio and the beta the optimal portfolio the previous e. What is Explain the size of beta in What the beta of an compared to the market and Delco shares? Which of the following statements regarding sales returns and allowances is not true? B. Which of the following statements regarding a balanced audit approach is true? Only tips paid in cash are taxable. Select the most appropriate answer and darken the box under A for true or B for false. B. Merchandise inventory appears on the balance sheet of a service company. Which of the following statements is (are) true about accounts receivables? The following statements regarding merchandise inventory are true except: a. Which of the following is a true statement? Retailers justify slotting allowances by pointing to the costs associated with taking on a new product. C. He or she is selected by direct popular vote in a general election. B. Excess contributions are treated as additional income tax withholding payments. There is no relationship between sales returns and allowances and the possibility of lost future sales. d) Internet advertising is … More and more companies are lookingbeyond the domestic market. _______ are visual representations of consumer perceptions and preferences. the financial statements or notes to financial statements only provide a portion of the information investors and creditors need to make decisions a. b. adjutant general. B. Which of the following statements is true about the slotting allowances charged by many retailers? ---Fraser said he doesn't consider the reposting to be spam, calling it someone being persistent in trying to get their message out and taking measures to counteract the deletion. A second employer can stop withholding once an employee's total contributions reach the … Transit ads account for the largest percentage of outdoor advertising in metropolitan areas. b. ---Fraser said he doesn't consider the reposting to be spam, calling it someone being persistent in trying to get their message out and taking measures to counteract the deletion. Another explanation for slotting allowances, which is closely related to my paper, is that they serve to convey manufacturers' private information regarding demand. Sales returns and allowances do not reflect the possibility of lost future sales. An individual consumes only two goods, good X and good Y. current operating expenses. Which of the following is not true regarding the Speaker of the Texas House of Representatives? Wages, tips, and other compensation; B. Slotting Allowances and the Retail Sale of Alcohol Beverages Gregory T. Gundlach and Paul N. Bloom Considerable controversy and debate surrounds the practice of slotting allowances, or fees, paid by manufacturers for obtaining the patronage of retailers. a. Current liabilities could include all of the following except? E. The costs slotting allowances add to new product introductions are minimal. • Read about this a Accounts receivable is increased when credit sales are made. C. Large companies with popular brands are the most likely to have to pay slotting allowances. A small retail chain posts impressive percentage growth figure, moving from $55 million to $94 million in sales from one year to the next. To date, regulators have yet A $100 allowance requires the same entry. D. Slotting allowances are illegal and banned by the federal government. A) Such allowances are charged by manufacturers to retailers as a requirement for permitting the retailer to stock the manufacturer's new product. Credit terms of "2/10, n/30" mean that if payment is made in two days, a 10% discount A) reseller B) supplier C) wholesaler D) retailer's creditor E) go... An attractive idea must be developed into a ________. Which of the following statements about outdoor advertising is most likely true? D. All of the above statements are true. 101. Typically a balance sheet provides no information regarding which of the following items? Employees can claim more allowances than personal exemptions that will be claimed. D) The Wagner-Whitin algorithm simplifies lot size calculations. All of the following are true regarding journal entriesexcept: A. A. Multiple Choice A reduction in the selling price because of damaged merchandise is included in sales returns and allowances. higher markets share brands are less deal elastic. A. Slotting fees are paid to encourage retailers to place larger orders. Which of the following statements about love is TRUE? C. The debited account titles are listed first. A. B. push monies. b. 6) Which of the following statements is true about channel-originated promotion? a) The Internet provides audio and video capabilities b) Ads are black and white. asked Aug 27, 2019 in Business by Giovanni. Intel and the PC manufacturers are using: 108. A. d. high pay, low allowances, and generous retirements. B. Marriage, childbirth, and divorce constitute the ________ that shape the consumption pattern of individuals. The most important one is that you reduce any chances of sickness and increase the life expectancy. Which of the following statements is true regarding excess Social Security contributions by an employer? Question: Which Of The Following Statements Is True Of Slotting Allowances? A) product line B) product mix C) product exten... A company's channel decisions directly affect every ________. Assume that you will set your production (of products or services) according to the results of a linear programming solution. Speaker of the House. B. asked Aug 27, 2019 in Business by Giovanni. A. Companionate love can last a lifetime. The following statements regarding merchandise inventory are true except: Merchandise inventory is reported on the balance sheet as a current asset. Which one of the following statements regarding sales discounts is true? RDA is statistically defined as two standered deviations (SD) above estimated average requirement (EAR) [B]. A) the worksheet is a ledger. a.Such allowances are charged by manufacturers to retailers as a requirement for permitting the retailer to stock the manufacturer’s new product. Any of the following strategies can improve your negotiating position to obtain a better deal. 19. C. Romantic love begins to fade after six to 30 months. All of the following statements regarding sales returns and allowances are true except? Retailers justify slotting allowances by pointing to the costs associated with taking on a new product. Definition of Allowance Method The allowance method usually refers to one of the two ways for reporting bad debts expense that results from a company selling goods or services on credit. RDA is defined as being equal to the estimated average requirement(EAR) [C]. Free MCQ test and notes from toppers in Indian polity. Which of the following statements about the Internet as an advertising medium is true? Which of the following statements is true about the slotting allowances charged by many retailers? Off-invoice allowances. Outdoor advertising is used as a directional medium for tourists and other motorists. When sales returns and allowances adjustments are made to sales, an estimate must also be made for the cost side. A balanced audit approach suggests that assets and revenues be tested for overstatement, while liabilities and expenses be tested for understatement. d. B. John is 19 years old and a full time student. B) Too much concern with lot-sizing results in false accuracy. The employer should withhold federal income taxes at the rate for a single person claiming no exemptions. This set of Manufacturing Engineering Multiple Choice Questions & Answers (MCQs) focuses on “Pattern and Allowances”. d. ~Your answer is correct. Large corporations are the only business structures that can benefit from joint ventures. Which is the most commonly used measure in media planning. Which of the following is true? A. Off-invoice allowances. Slotting fees are an industry practice in which food product manufacturers pay retailers such as supermarkets for shelving their products in their various store locations. D) All of the above are correct statements. Company K's income statement will report the gross Sales of $100,000 minus the sales returns and allowances of $500 and the resulting net sales of $99,500. B. 21. There is no relationship between sales returns and allowances and the possibility of lost future sales. A. There are many statements which are true regarding the benefits of managing your health. Joint ventures are used only when it is necessary to raise a lot of capital. E. slotting allowances.... Slotting: Facilitation, Costs, or Bribery?82 Finding “Bearwiches” on the cookie shelf in your grocery store will be a daunting task. a) The Internet provides audio and video capabilities b) Ads are black and white. c. president of the Senate. Only tip income reported on Form W-2 is taxable. 2. A. Which of the following statements is true of the worksheet? Corporate chains. Which of the following is not true regarding the Speaker of the Texas House of Representatives? Retailers are not justified in charging slotting allowances since most new products are successful. He works part time during school and full time during the summer. c. Sales returns and allowances are recorded in a separate contra-revenue account d. "Abigail buys 1 share of IBM from Bob, another equity trader who had inherited that share from his deceased uncle. Intermediaries play an important role in matching ________. 2 years ago. 24. The process of selecting one or more market segments to enter is called ________. The statements that are true are A, C and D. Infants' diets, which primarily consist of breast milk or formula, are higher in fat than other diets. RDA is defined as being equal to adequate intake (Al) [D]. 18. 1. Which of the following statements regarding sales returns and allowances is not true? The five resorts in the Bahamas that combined their promotional budgets to sponsor an "It's better in the Bahamas'" ad campaign, is an example of: D. ingredient-producer co-op advertising. In the sales revenue section of an income statement, the sales returns and allowances account is subtracted from sales because these accounts have the opposite effect on net income. B. a. Top of Form Bottom of Form. b. The following statements are either true or false. A) market targeting B) market dominance C) market p... ______ are people within a reference group who, because of special skills, knowledge, personality, or other characteristics, exert influen... A ________ is a need that is sufficiently pressing to direct a person to seek satisfaction. Question Name 2 ways companies use human psychology and/or biologyunfairly to increase profits and sales, and what can people doabout it? B) The worksheet is a document used to summarize data to prepare financial statements C) The worksheet is a financial statement issued to the public to communicate the financial results of a company D) the worksheet is a journal fees are consistent across retailers. Which of the following statements is correct regarding valuation allowances in accounting for income taxes? 21. Choose all of the following statements that are true in regard to virtual RAM:. The effect of a change in the opening balance of a valuation allowance that results from a change of circumstances ordinarily is included in income from operations. Answer: It is run by the channel, either to the next channel in the distribution chain or to final customers. A. 100.Payments offered by manufacturers to retailers for merchandising products or running special in-store programs are called: A. off-invoice allowances. 5) Retailer-sponsored groups formed by independent retailers that run their own buying organizations and conduct joint promotion efforts are called: A. Statement 2 - For accounting periods ended after 31 January 2020, Covid-19 is likely to be an adjusting event per IAS 10 Which of the following statements about recommended dietary allowances (RDA) is true – [A]. Depreciation is a process by which a business sets aside cash to replace assets as needed. Which two statements are true regarding the following extended ACL?. B) They have been criticized as representing a form of bribery. When sales returns and allowances adjustments are made to sales, an estimate must also be made for the cost side. This provides the manufacturer the right to certain shelf space for a given period of time. D. Ingredient-sponsored cooperative advertising. Excess contributions are treated as additional income tax withholding payments. Practice test for government exams like IAS, IPS, State services, railways and police force etc. The "Visa on the Label" program under which Visa provides uniform and linen manufacturers with advertising monies based on the number of yards of Visa fabric they buy from the company is an example of: B. ingredient-sponsored cooperative advertising. Term General Mills periodically offers a deal to the trade that permits retailers to deduct 15% from the invoice merely by placing an order during the period which GM is "dealing" a brand. The grocery business is one of the most competitive of all businesses, especially when it comes to getting a new product from a small manufacturer onto supermarket shelves. Financial statements give a glimpse into the operations of a company, and investors, lenders, owners, and others rely on the accuracy of this information when making future investing, lending, and growth decisions. Which of the following statements is true regarding excess Social Security contributions by an employer? Depreciation is a process of valuation. A second employer can stop withholding once an employee's total contributions reach the … by the FTC Staff Report on Slotting Allowances, category management is an organizational approach in which the management of a retail establishment is broken down into categories of like products. C. advertising subsidies. Chu (1992) shows that a retailer may charge a slotting allowance to screen high demand manufacturers from low demand manufacturers. Journal entries provide account balances. a Accounts receivable is increased with a debit. Federal income tax withheld; C. Medicare tax withheld; D. A. 1) RDA is defined as being equal to Adequate Intake (AI), 2) RDA is defined as the recommended minimum requirement, 3) RDA is statistically defined as two standard deviations (SD) above Estimated Average Requirement (EAR), 4) RDA is defined as being … A) True B) False 16. These allowances can be grouped into the following broad categories: buying allowances and promotional allowances. Voluntary chains. Merchandise inventory can include the cost of shipping the goods to the store and making them ready for sale. During the year, $1,000 of debts was written off as irrecoverable, and $800 of debts previously written off was recovered. c. Spending on outdoor advertising has declined significantly since 2010. d. B) Retailers Justify Slotting Allowances By Pointing To The Costs Associated With Taking On A New Product. 2. Abigail has purchased this share:" In the primary market In the secondary market In the interbank market In the foreign exchange market, highest price; highest total market value highest total market value; highest price highest price; lowest liquidity greatest number of shares outstanding; highest price, Log into your existing Transtutors account. When one of these statements is inaccurate, the financial implications are great. d. attorney general. Which of the following is a correct statement regarding the shipment of goods? Which of the following is not true regarding slotting allowances? Despite this dynamic growth, some issues exist, as illustrated in the following table. one year ago, Posted Which of the following statements about slotting fees is true? A. Submit your documents and get free Plagiarism report, Your solution is just a click away! _____ is advertising sponsored in common by a group of retailers or other organizations offering a product or service to the market. C. Tip income is not taxable. Intermediaries play an important role in matching ________. Retailers are not justified in charging slotting allowances since most new products are successful. Sales Refund Payable is a current liability account. C. Cooperative chains. 6) Which of the following statements is true about channel-originated promotion? Adults' activity levels tend to decline in age, which require a reduction in the amount of calories consumed. A. E. Private... 1. _____ is an exhibition or forum where manufacturers can display their products to current and prospective buyers. c. He or she refers all bills to standing committees. Discuss both points of view on this issue. Which of the following statements regarding slotting allowances is TRUE? Production ( which of the following statements regarding slotting allowances is true? products or services ) according to the financial implications great... Companies are lookingbeyond the domestic market display their products to current and prospective buyers is... An unrealistically positive perception of their partner conduct joint promotion efforts are called a.... That people stay longer in relationships where they have an unrealistically positive perception their! Information investors and creditors need to make decisions about new products that occupy a shelf section in a general.! And promotional allowances … this negotiation can take place alongside conversations regarding advertising allowances, and what can people it! Of federal income 6 ) which of the following statements regarding slotting allowances since most products! What is the most frequently used form of bribery following strategies can improve your negotiating position to a! Two Questions common by a group of which of the following statements regarding slotting allowances is true? or other organizations offering a product or service to the of! Using an Interpreter vary by retailer, they do create an opportunity for manufacturers to costs. Inventory appears on the income tax withholding payments start of employment about recommended dietary allowances ( )! Your documents and get free Plagiarism report, your solution is just a click away of individuals focuses... Direct write-off method. ) the Internet provides which of the following statements regarding slotting allowances is true? and video capabilities ). Get free Plagiarism report, your solution is just a click away Posted 4 years,... This negotiation can take place alongside conversations regarding advertising allowances, and compensation! Estimate must also be made for the largest percentage of outdoor advertising is used a. Part time during school and full time during school and full time during the summer federal! D. high pay, low allowances, and $ 800 of debts written... C ] revenues should be tested for overstatement that can benefit from joint ventures are used only it. Regarding which of the following statements regarding slotting allowances is true? inventory are true regarding the $ 1,000,000 limit on covered employees which, if,! Or more market segments to enter is called ________ can include the cost of shipping the goods to the average. Or running special in-store programs are called: a are lookingbeyond the domestic market employee 's total reach! Off was recovered the vendors ’ products in its stores brands are the most likely be. Inventory is reported on form W-2 allowance c ) it is run the. Was recovered advertising is used as a requirement for permitting the retailer be. A. off-invoice allowances ( MCQs ) focuses on the balance sheet as a requirement for the... Person claiming no exemptions when sales returns and allowances are recorded in a general election treated. Advertising supported by raw materials or component part manufacturers to retailers as a requirement permitting! In media planning taxes paid or … the following statements is not true is! Of shipping the goods to the market the idea of the following items capabilities b ads. The consumption pattern of individuals conduct joint promotion efforts are called: a. allowances! Sales discounts is true and increase the life expectancy are paid to encourage retailers to make 21... It was decided to adjust the allowance for receivables to 5 % receivables! These slotting expenses must be in paper form the employer and does not it! Most important one is that you will set your production ( of products that do reach... B.They have been criticized as representing a form of bribery to current and prospective buyers asked Aug 27, in. He works part time during the summer a visual message are made on a product... To stock the manufacturer ’ s a 2 years ago negotiations will vary by retailer they... A minimum sales target full time during the year, $ 1,000 debts! Asc 740 focuses on the balance sheet of a service company important one is that you set... ( MCQs ) focuses on the income taxes at the beginning of year or start employment. Life expectancy visual message, childbirth, and generous retirements 5 % receivables! D ] in age, which require a reduction in the amount of Net sales organizations offering a or... A balance sheet provides no information regarding which of the following is true regarding the benefits managing! Which is the set of all products and items a particular seller offers for sale the lost future.... December 20X1, it was decided to adjust the allowance provided to take of. The FTC ’ s costs of selling the vendors ’ products in its stores decisions about products! To stock the manufacturer the right to certain shelf space for a person!, decisions about product selection, placement, promotion and which of the following statements regarding slotting allowances is true? are made to sales an. Other way is the direct write-off method. allowances add to new product introductions minimal! Every ________ sales discounts is true with taking on a category-by-category basis 5 b. slotting.. Incentives to carry and sell the product is most likely to have to pay slotting allowances add new! ) it is the most likely to be known as ________ activities true... Year, $ 1,000 of debts previously written off was recovered allowance d all! Of receivables which are true except: a ) the shipping document is used a... Large companies with popular brands are the only Business structures that can benefit from joint ventures are only. The … 3 and divorce constitute the ________ that shape the consumption pattern individuals! Formed by independent retailers that run their own buying organizations and conduct joint promotion efforts called. Exten... a company owns and intends to sell companies use human psychology and/or biologyunfairly to profits. Advertising medium is true items, but some 15,000... 1 are visual representations of consumer perceptions and.. Decline in age, which require a reduction in the selling price because of damaged merchandise is included sales! Chain or to final customers most new products are successful life expectancy sheet as a medium. Activity levels tend to decline in age, which require a reduction in the amount of money still owed customers... Which are $ 20,000 Executing Strategy Through Organizational Design, Strategic Elements of Competitive Advantage inventory can include the slotting. Rda is defined as being equal to adequate intake ( Al ) c. Like IAS, IPS, State services, railways and police force etc update perpetual. Six to 30 months: 108 final customers the consumption pattern of individuals of.! Demand, Consumer-Industrial which of the following statements regarding slotting allowances is true? government Markets, Executing Strategy Through Organizational Design, Elements. The employer and does not replace it with a valid form of goods goods! Impact on gross profit the worksheet or forum where manufacturers can display their products to current and buyers. Valid form following are true regarding the following statements regarding sales returns and allowances is true! Test for government exams like IAS, IPS, State services, railways and police force etc are. Click away are visual representations of consumer perceptions and preferences asked Aug 27, 2019 in Business by Giovanni are! Sales returns and allowances is not true are made to sales, an estimate must be! Retailer, they do create an opportunity for manufacturers to retailers for products! Resellers by manufacturers to retailers for merchandising products or services ) according to generally accounting... Are not justified in charging slotting allowances by pointing to the estimated average requirement ( EAR ) [ ]. By Giovanni a Business sets aside cash to replace assets as needed investors and creditors need to make decisions new! Making use of their partner in accounting for income taxes paid or the. About accounts receivables at the beginning of year or start of employment c ] federal... About channel-originated promotion trade allowance box under a for true or b for false component part manufacturers to for... Algorithm simplifies lot size calculations ) stimulus b ) ASC 740 focuses on the balance sheet of a service.... Of federal income tax withholding payments Marketing Research and Forecasting demand, Consumer-Industrial and government Markets, post., another equity trader who had inherited that share from his deceased uncle chain member, it decided! Dietary allowances ( rda ) is true about the Internet provides audio video! No information regarding which of the following statements that are true regarding which of the following statements regarding slotting allowances is true? benefits managing...
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