Which of the following health claims may NOT be made on food labels without sufficient documentation by the seller:
a. the connection between calcium and the prevention of osteoporosis b. the connection between fat and heart disease
c. the connection between sodium and high blood pressure d. the connection between fat and cancer
e. all of the other specific choices may be mentioned on food labels without any extra documentation
e
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Under the indirect method, a decrease in inventory is added to net income to determine cash flow from operating activities
a. True b. False Indicate whether the statement is true or false
Under the periodic inventory system, the journal entry to record the cost of merchandise sold at the point of sale will include the following account
A) No entry is made. B) Cost of merchandise sold C) Inventory D) Purchases sold
A product has an annual demand of 3600 units. Unit cost for this product is $3. Set up cost is $20 and the inventory carrying rate as a percent of the unit cost is 25%. The product is produced in-house where the daily production rate is 50 units
Assume 360 working days per year. Determine the annual ordering cost and carrying cost if the optimal production quantity is made each time.
Prepaid expenses, such as prepaid rent and prepaid insurance, represent assets for a business until they are used.
Answer the following statement true (T) or false (F)