A seller who makes a statement that relates to the value or worth of the goods creates an express warranty.
Answer the following statement true (T) or false (F)
False
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An advantage of retrospective adjustment method is that it achieves comparability and consistency between accounting periods
Indicate whether the statement is true or false
SMART goals are:
A) Specific, meaningful, achievable, relevant, and timely B) Specific, measurable, achievable, reachable, and timely C) Specific, measurable, attainable, relevant, and timely D) Specific, meaningful, attainable, reachable, and timely
Residual income should be used to evaluate an investment center rather than a cost or profit center.
Answer the following statement true (T) or false (F)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.). The company requires to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 3,160 ounces of direct material in inventory at the start of July. The total ounces of direct materials to be purchased in July is:
A. 16,200 oz. B. 19,040 oz. C. 15,880 oz. D. 15,800 oz. E. 15,720 oz.