Report systems include three functions: authoring, management and delivery

Indicate whether the statement is true or false


TRUE

Business

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Indonesia is the second "I" in the BRIC-IT group of emerging markets

Indicate whether the statement is true or false

Business

Answer the following statements true (T) or false (F)

1) A merchandiser's statement of retained earnings looks exactly like that of a service business. 2) The balance sheet of a merchandiser looks the same as the balance sheet of a retailer, except merchandisers have the following additional current liability accounts: Estimated Returns Inventory and Refunds Payable. 3) The gross profit percentage measures the profitability of each sales dollar above the cost of goods sold. 4) A small increase in the gross profit percentage may indicate an important rise in income. 5) Gross profit percentage reflects a business's ability to raise selling prices.

Business

Mutual funds charge high sales loads because their potential returns are much higher than the returns for individual stocks

Indicate whether this statement is true or false.

Business

Obsolescence is a cost of inventory.

Answer the following statement true (T) or false (F)

Business