Developmental purposes for performance appraisal include evaluating training programs and determining promotion candidates.
Answer the following statement true (T) or false (F)
False
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Travelli Co sold merchandise to Trapani Co on account, $17,000, terms 2/15, net 45 . The cost of the merchandise sold is $15,400 . Tavella Co issued a credit memo for $1,750 for merchandise returned that originally cost $1,400 . The Trapani Co paid the invoice within the discount period. What is amount of net sales from the above transactions?
a. $17,000 b. $14,945 c. $15,250 d. None of these choices
Coalitions are typically built by
A. organizing members through formal meetings. B. unification in a single, defining event. C. mobilizing departments or divisions. D. adding one member at a time.
In general, consolidated financial statements should be prepared
A) when a corporation owns more than 20% of the common stock of another company B) when a corporation owns more than 50% of the common stock of another company C) only when a corporation owns 100% of the common stock of another company D) whenever the market value of the stock investment is significantly lower than its cost
The Work-in-Process Inventory account includes the ________
A) goods that are ready to be sold B) goods that are partially completed C) goods that have been sold in the market D) goods that are damaged during production