Under the perpetual inventory system, when a sale is made, both the retail and cost values are recorded
Indicate whether the statement is true or false
True
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Based on Fayol's principles, specialization says that each and every organizational employee should have one supervisor
Indicate whether the statement is true or false
If a limited offering of $1.6 million worth of shares is made only to banks, they will not be required to receive any disclosure materials
Indicate whether the statement is true or false
Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing system. The company sold 300,000 units in January. Data concerning inventories follow: Inventory at January 1: Work in process NoneFinished goods 75,000unitsInventory at January 31: Work in process (75% complete with respect to conversion costs) 24,000unitsFinished goods 60,000unitsWhat were the equivalent units for conversion costs for January?
A. 303,000 units B. 300,000 units C. 285,000 units. D. 309,000 units
In a movie, the lead actor is shown wearing Zelus running shoes in several scenes. Marketers of Zelus are using the nontraditional support medium of
A. guerrilla marketing. B. promotional products marketing. C. specialty advertising. D. product placement. E. movie theater advertising.