Customer departmentalization works well because it emphasizes monitoring and responding to changes in customers' need.

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


True

Business

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Average cost tends to increase with accumulated production experience

Indicate whether the statement is true or false

Business

The Szakos Company engaged in the following transactions during the current year:a) Acquired $50,000 of cash by issuing common stock to ownersb) Paid $10,000 to acquire manufacturing equipmentc) Paid $5,000 cash for materials used in productiond) Paid $2,000 for wages of production workerse) Paid $8,000 in general, selling, and administrative costsf) Recognized $1,000 of depreciation on the manufacturing equipmentg) Sold inventory for $18,000 cashh) The cost of the inventory sold was $6,500Required:Show the balance sheet and income statement effects of the transactions by completing the financial statement model provided.

What will be an ideal response?

Business

Oral warranties made before the execution of a written agreement containing an express disclaimer are subject to the parol evidence rule

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

Business

Trade retaliation under U.S. Section 301 is mandatory if the U.S. trade representative determines a country permits forced labor

Indicate whether the statement is true or false

Business