What will be the effect on total ordering costs (calculated over multiple orders) in an inventory system as the size of each order increases?
A) It will increase
B) It will decrease
C) It will remain unchanged
D) Order size has no effect on ordering costs.
B) It will decrease
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Unearned revenues refer to a(n):
A. Asset that will be used over time. B. Expense incurred because a customer has paid in advance. C. Liability that is settled in the future when a company delivers its products or services. D. Decrease in an asset. E. Increase in assets as a result of delivering products or services to a customer.
Which of the following legislations was designed primarily to prevent noncustodial parents from failing to pay required support payments?
A) the Defense of Marriage Act B) the Family Support Act C) the Equal Protection Clause D) the Marriage Protection Act
A(n) ____ is a contract between a promisee and a promisor by which the promisee agrees to accept and the promisor agrees to render a substituted performance in satisfaction of an existing contractual duty
A) accord B) mutual rescission C) material alteration D) novation
The Supplies account is an example of an accrued expense.
Answer the following statement true (T) or false (F)