If the perpetual inventory system is used, an account entitled Cost of Merchandise Sold is included in the general ledger
Indicate whether the statement is true or false
True
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A business pays $500 cash for office supplies. Which of the following accounts is credited?
A) Cash B) Accounts Payable C) Office Supplies D) Utilities Expense
Which of the following is true regarding the effect of death and incapacity on an offer?
a. Death or incapacitation of either party terminates an offer. b. Death of either party terminates an offer, and incapacity on the part of the offeror terminates an offer, but incapacity on the part of an offeree does not terminate an offer. c. Death of either party terminates an offer, and incapacity on the part of an offeree terminates an offer, but incapacity on the part of the offeror does not terminate an offer. d. Neither death nor incapacity on either the part of the offeror or offeree terminates an offer.
A haberdashery orders cravats from manufacturers overseas to satisfy their demand rate of 5,000 units per year that has been stable for the past decade
Placing an order costs 15 euro and holding each cravat in inventory for a year costs 2 euro. The manufacturer offers price breaks for large orders: ordering between 1 and 99 cravats earns the haberdashery a price of 3.5 euro, but ordering 100 to 999 carries a 3.4 euro price. An order of 1000 cravats or more drops the price to 3.3 euro. What's the optimal order quantity for the haberdashery? A) 99 B) 274 C) 382 D) 999
Merton's Toothpaste has been the leader of dental care products for about 40 years. However, this company relied too long on its competency of reducing cavities without refining or upgrading other aspects of its product. As a result, other personal hygiene companies that began to offer toothpastes with natural whitening agents gained a competitive advantage over Merton's. This case is an example of
A. dynamic capabilities. B. core rigidity. C. value chain. D. resource flow.