Under the perpetual inventory system, the balance in the merchandise inventory account is merely a record of the most recent physical inventory account

a. True
b. False
Indicate whether the statement is true or false


False

Business

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At a local elementary school, parents were lingering in the classroom past the start of the school day, making the emotional transition harder for their children

The parents were also crowding the limited physical space within the classrooms and doorways. Olivia is asked to draft a notice to be distributed to the kindergarteners' parents to rectify this problem. Discuss Olivia's draft and how to improve it. "Attention kindergarten parents: do not remain in your children's classrooms for too long, as this is causing problems." What will be an ideal response?

Business

The federal government's primary objective in regulating not-for-profit organizations through the income tax laws is to limit the number of exempt organizations that operate at any one point in time.

Answer the following statement true (T) or false (F)

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Kia Chang signed a promissory note for $4,200 at 13% ordinary interest for 270 days. Find the interest and amount due she will pay when the note is due

Business

Messages are comprised of five elements, all of which are optional except the method name

a. True b. False Indicate whether the statement is true or false

Business