The Performance Measurement Known as Line Fill Rate Measures

question 50

Multiple Choice

The performance measurement known as line fill rate measures

• A)the percentage of an order shipped on time and complete.
• B)the percentage of the total number of items on the order that the firm shipped on time.
• C)the percentage of item stocking types on the order shipped on time and complete.
• D)the value of goods shipped on time versus the line item value of the order.
• E)the value of the line items that have shipped on timE.

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Definitions:

Balance Sheet

A consolidated financial record that captures the essence of a company's assets, owed sums, and equity of its shareholders at an established point in time.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting operating expenses, interest, and taxes.

Deferred Gross Profit

Income that is earned but not yet realized, often used in installment sales to represent profit to be recognized in future accounting periods.

Unearned Franchise Fees

Fees received from franchisees that cannot be recognized as revenue until certain obligations are fulfilled by the franchisor, categorized as a liability on the balance sheet.