An informal line of credit and a revolving credit agreement are similar except that the line of credit creates a legal obligation for the bank and thus is a more reliable source of funds for the borrower than the revolving credit agreement.
Answer the following statement true (T) or false (F)
False
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Which of the following statement is BEST?
A) The critical chain requires that all resource leveling be done before the critical chain can be identified. B) The critical path usually jumps task dependency links. C) The critical chain relies on task dependency and is discovered after the fact, once the network is laid out. D) The critical chain is usually the same path as the critical path within an activity network.
The objective of inventory management is to minimize inventory costs while
A. having only enough supplies on hand as needed for production or resale. B. increasing stockouts. C. eliminating safety stock. D. maintaining an adequate supply of goods to satisfy customers. E. facilitating electronic data interchange.
The term "issuer" A)is not used in relation to commercial paper
B)is an all-purpose term that means both maker and drawer. C)is synonymous with drawee. D)is used in relation to commercial paper only to indicate the bank which creates a certificate of deposit.
Ashton Company uses the perpetual method. The company's inventory account had a $6,600 balance as of December 31, Year 1. A physical count of inventory shows only $5,900 of merchandise in stock at December 31, Year 1. How does the related adjusting entry affect the financial statements?
A. Assets increase. B. Cash flow from operating activities decreases. C. Expenses increase. D. All of these answer choices are correct.