What is the usual source of journal entries to record the purchase of inventory in the general ledger?
A) Bid quotes updated with cost data from the inventory records department.
B) Sales invoices updated with cost data from the inventory records department.
C) Receiving reports updated with cost data from the accounts payable department.
D) Purchase invoices updated with cost data from the inventory records department.
C) Receiving reports updated with cost data from the accounts payable department.
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Acting locally means being sensitive to regional customs and language nuances.
Answer the following statement true (T) or false (F)
Within an organization, each employee or a group of employees has both upstream suppliers and downstream customers that form:
a. A kanban. b. An interorganizational value chain. c. A balanced scorecard. d. A just-in-time manufacturing system.
Controlled costs and the use of computerized data bases characterize _____
a. daily newspapers b. direct mail c. local magazines d. transit advertising
The one advantage of the direct write-off method is that it:
a. is simple to apply. b. requires several calculations to determine. c. is not required for tax purposes. d. can be used along with the allowance method. e. none of the above.