In general, people generally prefer ______ serpentine, ______ channel queue.
a. single; single
b. single; multi
c. multi; single
d. multi; multi
b. single; multi
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A book or perpetual inventory system allows gross margins to be calculated with a cost method of accounting system
Indicate whether the statement is true or false
Record journal entries for the following transactions. (a) On December 1, $18,000 was received for a service contract to be performed from December 1 through April 30. (b) Assuming the work is performed evenly throughout the contract period, prepare the adjusting journal entry on December 31
When Glen is thirsty, he always buys a Coke. Like many consumers, Glen engages in considerable alternative evaluation when buying habitual products like his Coke.
Answer the following statement true (T) or false (F)
Nico Corporation has cost of goods sold of $300,000 and inventory of $30,000, then the inventory turnover is ________ and the average age of inventory is ________
A) 36.5; 10 B) 10; 36.5 C) 36.0; 10 D) 30; 36.0