Unit cost of a product is directly related to the production volume
Indicate whether the statement is true or false
FALSE
You might also like to view...
The FDA has authority to bring criminal prosecutions.
Answer the following statement true (T) or false (F)
Credit card sales amount to $4,500 plus $200 sales tax. The credit card fee is 4%. This transaction would include a
a. debit to Bank Credit Card Expense of $180; b. credit to Sales of $4,700; c. debit to Cash of $4,512; d. debit to Accounts Receivable of $4,500; e. none of these
A company factored $38,000 of its accounts receivable and was charged a 1% factoring fee. The journal entry to record this transaction would include a:
A. Debit to Cash of $38,000 and a credit to Accounts Receivable of $38,000. B. Debit to Cash of $38,380 and a credit to Accounts Receivable of $38,380. C. Debit to Cash of $37,620, a debit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $38,000. D. Debit to Cash of $38,000, a credit to Factoring Fee Expense of $380, and a credit to Accounts Receivable of $37,620. E. Debit to Cash of $38,000 and a credit to Notes Payable of $38,000.
Arguing that a relationship may exist between two things, but one doesn’t necessarily cause the other to occur, is an example of which type of argument?
a. causation b. correlation c. mediation d. definition