Periodic review systems are ______.
A. characterized by a continuous physical count of inventory
B. best suited for businesses that sell low-volume products
C. also known as seasonal review systems
D. used extensively in the service industry
B. best suited for businesses that sell low-volume products
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_____ is the most common programming language for creating Web pages and other information viewable in a Web browser.
Fill in the blank(s) with the appropriate word(s).
When a company exchanges machinery and receives a trade-in allowance greater than the book value, this transaction would be recorded with the following entry:
A) debit Machinery and Accumulated Depreciation; credit Machinery, Cash, and Gain on Disposal B) debit Machinery and Accumulated Depreciation; credit Machinery and Cash C) debit Cash and Machinery; credit Accumulated Depreciation D) debit Cash and Machinery; credit Accumulated Depreciation and Machinery
A disadvantage associated with the model stock approach to the determination of space needs is that _____
a. distinctive items with low sales or profit levels may not be stocked b. seasonal items may be placed in improper locations c. impulse goods may not be stocked in adequate quantities d. product placement may not follow normal shopper patterns
In certain situations, the law may hold a contract provision unenforceable because it is too harsh or oppressive to one of the parties
Indicate whether the statement is true or false