Line departments are linked directly to the production and sales of a specific product
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: As the doers and producers, each line department is essential to an organization's ability to sell and deliver finished goods.
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The intentional preparation of misleading financial statements is referred to as fraudulent financial reporting
Indicate whether the statement is true or false
Explain why a global company would need to make adjustments to a highly standardized promotion campaign for different markets
What will be an ideal response?
On September 12, Vander Company sold merchandise in the amount of $9000 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $5600. Jepson uses the periodic inventory system and the gross method of accounting for purchases. Jepson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Jepson makes on September 18 is:
A.
| Accounts payable | 9000? | |
| Merchandise inventory | 180? | |
| Cash | 8820? |
B.
| Purchases | 8820? | |
| Cash | 8820? |
C.
| Accounts payable | 9000? | |
| Purchases discounts | 180? | |
| Cash | 8820? |
D.
| Cash | 8820? | |
| Accounts receivable | 8820? |
E.
| Cash | 8820? | |
| Purchases discounts | 180? | |
| Accounts payable | 9000? |
At TrueBlue, supervisors, peers, and subordinates all provide input into an employee's performance appraisal. TrueBlue uses a 360-degree evaluation.
Answer the following statement true (T) or false (F)