A purchase requisition is a single copy form used to request the purchase of merchandise
Indicate whether the statement is true or false
false
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The growing diversity in the U.S. workforce is due to:
A. Millennials entering the workforce. B. Shifting patterns of work and retirement. C. Immigration from other countries. D. All of these answers are correct.
Alpine Productions uses a standard cost system for recording transactions. Alpine reported the following data for the year ended December 31:
Sales revenues: $800,000
Cost of goods sold (standard costing): $382,000
Selling & administrative expenses: $105,000
What is the net operating income on a standard cost income statement?
A) $312,665
B) $316,765
C) $421,765
D) $313,000
Accounts payable $ 30,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 20,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the above data, what is the quick ratio, rounded to one decimal point?
A) 2.4 B) 3.4 C) 2.1 D) 1.5
Henderson Sales purchased $6,000 of inventory on account. Provide the journal entry. (Assume a perpetual inventory system.)
What will be an ideal response