Usually, a table in a relational database must have a primary key, and most relational DBMSs enforce this rule.
Answer the following statement true (T) or false (F)
True
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The gross profit (inventory valuation) method requires keeping records of the selling prices of merchandise purchased
a. True b. False Indicate whether the statement is true or false
An Iowa ethanol production company has been suffering from a combination of lower demand for gasoline (into which its product is mixed) and higher corn prices (which is the largest input cost). It has responded by selling off land, buildings, and some of its reserve product inventory. This is a variation of which of these grand strategies?
A. Right-size B. Growth C. Stability D. Defensive E. Reorganization
Which of the following statements is NOT true?
a. In recent years there have been many cases of financial statement fraud. b. Proactive fraud detection methods are in their infancy. c. Accounting anomalies indicate fraud has or is occurring. d. Fraud investigation involves determining who committed the fraud, the schemes used and how much money or assets were taken.
Reeds Paper Company sells a product for $80 per unit. Variable costs are $25 per unit, and fixed costs are $4,000 per month. Andres sold 2,000 units in October. Prepare an income statement for October using the contribution margin format.
What will be an ideal response?