Forward buying is when companies purchase very small amounts of inventory
a. True
b. False
Indicate whether the statement is true or false
False
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The order-processing cost per unit increases with the number of units ordered because the order costs are spread over more units
Indicate whether the statement is true or false
Colfax Corporation had a Retained Earnings balance on January 1, 2009, of $720,000; declared cash dividends during 2009 in the amount of $112,000, of which $30,000 were not paid until 2010; and reported an ending balance of Retained Earnings of $1,020,000 . Based on these facts alone, net income for 2009 for Colfax Corporation must have been
a. $152,000. b. $312,000. c. $382,000. d. $412,000.
Under the doctrine of comparative negligence, only the plaintiff's negligence is taken into consideration
a. True b. False Indicate whether the statement is true or false
In some companies, superior service just happens naturally.
Answer the following statement true (T) or false (F)