Any writing—including letters, telegrams, invoices, sales receipts, checks, and handwritten agreements written on scraps of paper—can be an enforceable contract
Indicate whether the statement is true or false
TRUE
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Quantitative methods of developing a marketing communications budget rely on computer models or simulations
Indicate whether the statement is true or false
A company sold equipment for $5,000. The equipment originally cost $16,000 and had accumulated depreciation of $12,000. Which of the following statements is correct regarding the statement of cash flows prepared using the indirect method to report operating activities?
A) $5,000 will be added to net income. B) Investing activities will reflect proceeds of $4,000 from the sale. C) $1,000 will be added to net income. D) $1,000 will be deducted from net income.
With a perpetual inventory system, the cost of merchandise inventory is recognized at the time of purchase.
Answer the following statement true (T) or false (F)
Refer to the data on Expected Demand for Acme Widgets. If the company has information that demand is going to be high, what is the option that the company should choose?
a. Build capacity
b. Do nothing
c. Outsource
d. either Build capacity or Do nothing