Which of the Following Is NOT True About Reverse Logistics

question 145

Multiple Choice

Which of the following is NOT true about reverse logistics as compared to forward logistics?

• A)Inventory management is not consistent.
• B)Distribution costs are less directly visible.
• C)Pricing is dependent upon many factors.
• D)Speed is often very important.
• E)Forecasting is more uncertain.

Understand and describe the sequence and significance of preparing financial statements in accounting.

Identify and differentiate between the types of accounts contained in an adjusted trial balance.

Calculate and adjust entries for office supplies, taking into account purchases and inventory count.

Apply the straight-line method of depreciation to calculate book value and depreciation expense for fixed assets.

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Definitions:

Days' Sales

An analysis technique used to estimate the average time it takes for a company to collect cash from sales.

Uncollected Ratio

Indicates the proportion of receivables that a company has not yet received payment for, typically represented as a percentage of total receivables.

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses to avoid writing checks for small amounts.

Journal Entry

A record in accounting that represents a transaction where at least two account balances are affected.