With reference to #38, who has title under a notice state statute?
A)?Grant
B)?Dee Dee
C)?Joe
D)?Larry
C
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Answer the following statements true (T) or false (F)
1) The days' sales in inventory ratio is calculated by dividing cost of goods sold by the average merchandise inventory. 2) A higher days' sales in inventory is preferable. 3) Accounting is simpler in a periodic inventory system because the company keeps a daily running record of inventory on hand. 4) The periodic inventory system works well for small businesses in which the inventory is not large in size or dollar amounts. 5) For all four inventory costing methods, cost of goods sold is always equal to the sum of beginning inventory plus net purchases.
An unearned revenue is a liability
Indicate whether the statement is true or false
Total fixed costs change as the level of activity changes
Indicate whether the statement is true or false
A cross-cultural team is a type of ______.
-informal group -friendship group -formal group -ad hoc committee