PLEASE ANSWER THE 3 MULTIPLE CHOICE QUESTION.

1.) The benefits of a just-in-time system would include all of the following except:

		A. increased warehousing costs.
		B. reduced inventory holding costs.
		C. improved customer satisfaction.
		D. decrease in the number of suppliers.

2.)

Providing repair services to a customer under the terms of a product warranty is what type of transaction?

A. asset source

B. asset use

C. asset exchange

D. claims exchange

3.)

In order to prepare a contribution format income statement:

		A. costs must be separated into manufacturing and selling, general, and administrative costs.
		B. costs must be separated into cost of goods sold and operating expenses.
		C. costs must be separated into variable and fixed costs.
		D. costs must be separated into mixed, variable and fixed costs.