Wants are needs that are learned during a person's life.
Answer the following statement true (T) or false (F)
True
Wants are "needs" that are learned during a person's life. Needs are the basic forces that motivate a person to do something.
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Freight out is an addition to the Merchandise Inventory account if the seller uses the perpetual inventory system
Indicate whether the statement is true or false
Convertible bonds decrease in value whenever the price of the company's stock increases
Indicate whether the statement is true or false
A halo error is the error that occurs when an employee is downgraded across all performance dimensions exclusively because of poor performance in one dimension.
Answer the following statement true (T) or false (F)
The following is a system of simultaneous linear equations to allocate costs using the reciprocal method. Matrix algebra is not required.The following costs were incurred in three operating departments and three service departments in Westmoreland Company.DepartmentDirect CostsLabelSubassemblies$550,000 P1Final assembly 775,000 P2Marketing 285,000 P3Building occupancy 85,000 S1Research & development 120,000 S2Supervision 45,000 S3 Use of services by other departments is as follows. User DepartmentsService Cost CenterSub-assembliesFinal AssemblyMarketingBuilding OccupancyR&DSupervisionBuilding occupancy0.300.250.20---0.150.10R&D0.500.50------------Supervision0.200.300.200.100.20---The equation for department P2 (final assembly) is:
A. P2 = $775,000 + 0.30S1 + 0.50S2 + 0.20S3. B. P2 = $775,000 +0.25S1 + 0.50S2 + 0.30S3. C. P2 = 0.25S1 + 0.50S2 + 0.30S3. D. P2 = $775,000 + 0.25P2 + 0.20P3 + 0.15S2 + 0.10S3.