Opportunity involves direct access to assets and/or access to information that controls assets
Indicate whether the statement is true or false
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When a copy of the receiving report arrives in the purchasing department, it is used to
a. adjust perpetual inventory records b. record the physical transfer of inventory from receiving to the warehouse c. analyze the receiving department's process d. recognize the purchase order as closed
Salespeople represent customers to a company and represent a company to customers
Indicate whether the statement is true or false
Activity-based costing is useful for profit planning
Indicate whether the statement is true or false
You are given the following information about activity F:
Normal time = 16 weeks Crash time = 10 weeks Crash cost = $45,000 Cost to crash per week = $2,000 What is the normal cost for activity F? A) greater than or equal to $55,000 B) less than $55,000 but greater than or equal to $47,000 C) less than $47,000 but greater than or equal to $40,000 D) less than $40,000