A process capability index Cp of 1.0 describes a production where the difference in the specification limits is equal to 6 standard errors
Indicate whether the statement is true or false
T
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Role-modeling ______.
a. is a good management technique but not appropriate in teaching leadership b. is entertaining but not useful for teaching best practices c. is known to be an effective means of developing leaders d. none of these
Triangle Company sold a product on credit for $2,235 to Hexagon Sales. The cost of goods sold was $1,324. Assuming Triangle is following a perpetual inventory system and using a sales journal, it will record $2,235 in the ________.
A) Accounts Receivable CR, Sales Revenue DR column B) Cost of Goods Sold DR, Merchandise Inventory CR column C) Merchandise Inventory DR, Cost of Goods Sold CR column D) Accounts Receivable DR, Sales Revenue CR column
The installment method of recognizing revenue
a. should be used only in cases in which no reasonable basis exists for estimating the collectibility of receivables. b. is not a generally accepted accounting principle under any circumstances. c. should be used for book purposes only if it is used for tax purposes. d. is an acceptable alternative accounting principle for a firm that makes installment sales.
Different technological advances like social media have led to a decline in organizational hierarchies.
Answer the following statement true (T) or false (F)