Which Two Management Reports in QBO Are Useful for Planning

question 14

Multiple Choice

Which two management reports in QBO are useful for planning purposes and assessing future profitability?

• A)Accounts Receivable Aging and Accounts Payable Aging.
• B)Income by Customer Summary,and Sales by Product/Service Summary.
• C)Physical Inventory Worksheet and Transaction Journal.
• D)Transaction Journal and Audit Log.

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Definitions:

Annual Demand

The total quantity of a product or service that is demanded over the course of a year.

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Service Level

A measure of performance that represents the percentage of customer demands that are met without delay.

Lead Time

The timeframe between the initiation and completion of a process, such as from placing an order to its delivery.