A firm has maximized its profits when its marginal revenue exceeds its marginal cost.
Answer the following statement true (T) or false (F)
False
A firm has maximized its profits when its marginal revenue equals its marginal cost.
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Canyon Booksellers received a check from Durango Books for $4,312 in payment of invoice no. 106, less cash discount of $88 . The invoice was recorded on August 6 for $4,400 . Canyon Booksellers would record a
a. debit to cash, $4,400 . b. credit to Accounts Receivable, Durango Books, $4,312. c. credit to Sales Discounts, $88. d. debit to cash, $4,312.
Several significant deficiencies in internal controls may constitute a material weakness
a. True b. False Indicate whether the statement is true or false
An industry that is subject to significant licensing, reporting, disclosure
requirements, inspections, required operating procedures, and other regulations is a ____ regulated business. Fill in the blanks with correct word
Which of the following is not a consequence of incorporating lean in a global supply chain?
a. JIT and low inventories b. reduction of defects c. reduction of engineering change orders d. following design-for-manufacturing principles