The impersonal nature of form letters makes them inappropriate for business purposes

Indicate whether the statement is true or false


F

Business

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Which one of the following statements is not true with regard to the gross profit method of estimating inventories?

A) The gross profit method may be used to determine inventory for interim financial reporting purposes without taking a physical count. B) The percentage used for the gross profit method is determined by using previous years' historical data. C) The gross profit method is not as accurate as the retail inventory method. D) The gross profit method may only be used with a perpetual inventory accounting system.

Business

During Year 6, Delta Company had a net $4,000 increase in customer advances. The T-account work sheet for preparing the statement of cash flows

a. subtracts this excess from net income in deriving cash flow from operating activities. b. adds this excess to net income in deriving cash flow from financing activities. c. adds this excess to net income in deriving cash flow from operating activities. d. subtracts this excess from net income in deriving cash flow from financing activities. e. subtracts this excess from retained earnings in deriving cash flow from operating activities.

Business

BPR stands for

a. Business process reduction. b. Business process reengineering. c. Business purchase reengineering. d. Business product reengineering.

Business

There is a close connection between the design and management of supply chain flows and the success of a supply chain

Indicate whether the statement is true or false.

Business