Departmental accounting reports are required to be prepared in accordance with generally accepted accounting principles (GAAP)
Indicate whether the statement is true or false
F
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A separate account for each type of material is kept in a subsidiary ledger called a
a. stores ledger; b. products ledger; c. contribution ledger; d. suppliers ledger; e. none of these.
Which of the following are characteristics of intermittent manufacturing?
I. Work centers are arranged according to the routing. II. Work centers are dedicated to producing a limited range of similar products. III. Work flow through the shop is NOT constant. IV. Throughput times are generally high. A) III and IV B) I and II C) II and III D) I and III E) I and IV
The price/earnings (P/E) ratio represents the degree of confidence that investors have in a firm's future performance
Indicate whether the statement is true or false
When the price of a bond is above the equilibrium price, there is excess ________ in the bond market and the price will ________
A) demand; rise B) demand; fall C) supply; fall D) supply; rise