Manufacturing resources planning (MRP II) has evolved into enterprise resource planning (ERP)

Indicate whether the statement is true or false


T

Business

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On February 3, Smart Company sold merchandise in the amount of $2600 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $1800. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is:

A.

Cash1720? 
  Accounts receivable 1720?

B.
Cash2600? 
  Accounts receivable 2600?

C.
Cash2520? 
Sales discounts36? 
  Accounts receivable 2556?

D.
Cash2548? 
Sales discounts52? 
  Accounts receivable 2600?

E.
Cash1800? 
  Accounts receivable 1800?

Business

Nick would like to identify the work performed and the working conditions of the receptionists at Acme Global. Specifically, he would like to know more about their interrelationships with other workers and gauge the complexity of the job. In this case, the ______ job analysis method would be most appropriate.

A. questionnaire B. interview C. subject matter expert panel D. observation

Business

FOB ________ means the buyer accepts ownership when the goods depart the seller's place of business. The buyer is responsible for paying shipping costs and bears the risk of damage or loss when goods are in transit.

Fill in the blank(s) with the appropriate word(s).

Business

Fully discuss limitations on the protection against double jeopardy

Business