It is desirable that a partnership agreement be evidenced by a written contract
a. True
b. False
Indicate whether the statement is true or false
True
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Care must be taken involving capital investment decisions, since normally a long-term commitment of funds is involved and operations could be affected for many years
Indicate whether the statement is true or false
Assume that the annual demand is 10,000 units and the order quantity per order is 1,000 units, then ______.
A. there are 10 orders during the year B. there is one order placed as soon as existing inventory is consumed C. there is one order placed at the end of each month D. this is an indicator that this is not a lean operation
Identify some technological advances that can serve to improve logistics management and also improve shipping security
What will be an ideal response?
Jacobs Company issued bonds with a $300,000 face value on January 1, Year 1. The bonds were issued at 102 and carried a 5-year term to maturity. They had a 9% stated rate of interest that was payable in cash on December 31st of each year. Jacobs uses the straight-line method to amortize bond discounts and premiums. Based on this information alone, how does the recognition of interest expense during Year 1 affect the company's accounting equation?
A. Increase liabilities by $1,200, decrease assets by $25,800, and decrease equity by $27,000 B. Decrease both assets and stockholders' equity by $2,700 C. Decrease equity by $25,800, decrease liabilities by $1,200, and decrease assets by $27,000 D. Decrease both assets and stockholders' equity by $25,800