MySQL is an open source DBMS product that is license-free for most database applications
Indicate whether the statement is true or false
TRUE
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George's Department Store is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $200,000 Purchases 90,000 Inventory (beginning) 23,000 Inventory (ending) 17,000 Purchase returns and allowances 3,000 Purchase discounts 7,000 Transportation-in 4,000 Sales discounts 8,000 Sales returns and allowances 5,000 Refer to the account
information for George's Department Store. Calculate George's net sales. a. $200,000 b. $187,000 c. $195,000 d. $192,000
A truck owned and operated by Mingus Company was involved in an accident with an auto driven by S. Nara on January 12, 2014 . Mingus received notice on April 24, 2014, of a lawsuit for $800,000 damages for a personal injury suffered by S. Nara. Mingus's counsel believes it is probable that S. Nara will be successful against the company for an estimated amount in the range between $100,000 and
$400,000 . No amount within this range is a better estimate of potential damages than any other amount. It is expected that the lawsuit will be adjudicated in the latter part of 2015 . What amount of loss should Mingus accrue at December 31 . 2014? a. $400,000 b. $250,000 c. $100,000 d. $800,000
Cyril is currently checking all of his inventory to make sure it meets standards. Cyril is engaged in ______.
a. total quality management b. quality control c. quality assurance d. statistical quality control
All of the following statements about the requirements to reinstate a lapsed life insurance policy are true EXCEPT
A) Evidence of insurability is required. B) The lapse must have resulted from other than the surrender of the policy for its cash value. C) All overdue premiums must be paid along with interest from the premium due dates. D) There is no time limit on when the policy may be reinstated.