Some promises are not legally binding
a. True
b. False
Indicate whether the statement is true or false
True
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The relative percentage of unit sales among the various products made by a firm is the:
a. sales volume. b. sales margin. c. sales mix. d. sales ratio.
Perpetual inventory controlling accounts and subsidiary ledgers are maintained for materials, work in process, and finished goods in cost accounting systems
Indicate whether the statement is true or false
If a company purchases equipment costing $3500 on credit, the effect on the accounting equation would be:
A. Assets increase $3500 and liabilities decrease $3500. B. Equity decreases $3500 and liabilities increase $3500. C. Equity increases $3500 and liabilities decrease $3500. D. Assets increase $3500 and liabilities increase $3500. E. Liabilities decrease $3500 and assets increase $3500.
Which of the following Microsoft Excel functions can be used to count the number of purchases for a customer?
a. VLOOKUP b. HLOOKUP c. Pivot table d. Data series