From the adjusted trial balance for Fabricated Products Company given below, prepare the necessary closing entries.
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Both the revenue and the expenditure cycle can be viewed as having two key parts. These are
a. manual and computerized b. physical and financial c. input and output d. batch and real-time
The cost of goods sold as a percentage of sales is 74% for Fairyway Inc and 82% for Telasis. This means that:
a. Telasis will have greater inventory on total assets. b. Telasis will have greater profits on sale. c. Fairyway will have greater profits on sale. d. Fairyway will have greater inventory on total assets.
Group decisions are superior to individual decisions when:
a. the group contains heterogeneous members with complementary skills. b. the communication is limited to only the members with appropriate expertise. c. the problem is simple enough to easily analyze. d. the decision has to be made quickly.
Porter defined value as the amount of money that a customer is willing to pay for a resource, product, or service.
Answer the following statement true (T) or false (F)