The motion for judgment on the pleadings alleges that if the defendant does not file an answer to the plaintiff's complaint, the defendant's liability is established
Indicate whether the statement is true or false
FALSE
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Which of the following tends to be most predictable for purposes of analytical procedures applied as substantive procedures?
A. Data subject to audit testing in the prior year. B. Relationships involving balance sheet accounts. C. Transactions subject to management discretion. D. Relationships involving income statement accounts.
In deciding whether an organization will keep an old machine or purchase a new machine, a manager would ignore the
a. estimated disposal value of the old machine. b. acquisition cost of the old machine. c. operating costs of the new machine. d. estimated disposal value of the new machine.
Identify the correct verb form. _____ you at the concert last night?
A) Were B) Was
Mungo Pet Supplies makes cat trees for several pet store chains. They order rolls of carpet (used to cover the trees) from a supplier. Mungo’s management has decided to use an EOQ model. The annual demand for carpet is estimated to be 1,000 rolls. The purchase price per roll is $20 and estimated inventory carrying cost rate is 25%. The cost to place an order from the supplier is $30. What is the annual ordering cost for the optimal order quantity?
a. $109.54 b. $600 c. $547.72 d. $273.86