Because restaurants have little room to store supplies long term, and because they can't store perishables long term anyway, most restaurants tend to rely on the just-in-time system of inventory control, at least for their perishable foodstuffs
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: With just-in-time inventory control, only minimal supplies are kept on the organization's premises and others are delivered by the suppliers on an as-needed basis.
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On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each June 30 of $37,258. What is the appropriate journal entry to record the issuance of the note?
A. Debit Cash $250,000; credit Notes Payable $250,000. B. Debit Cash $37,258; credit Notes Payable $37,258. C. Debit Cash $287,258; credit Interest Payable $37,258; credit Notes Payable $250,000. D. Debit Notes Payable $250,000; credit Cash $250,000. E. Debit Cash $250,000; debit Interest Expense $37,258; credit Notes Payable $287,258.
Which statement is an effective general guide for writing policies?
a. List consequences of violating policy. b. Identify to whom the policy applies. c. Give the rationale for the policy. d. All of the above (a-c).
A recommended group size for brainstorming is about how many members?
A) 2 to 4 B) 5 to 7 C) 8 to 14 D) 15 to 20
The classification of student major (accounting, economics, management, marketing, other) is an example of a(n)
a. nominal random variable. c. continuous random variable. b. interval random variable. d. parameter.