The purchasing module must be tightly integrated with the inventory control and the sales logistics modules
Indicate whether the statement is true or false
FALSE
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Martinez owns machinery that cost $87,000 with accumulated depreciation of $40,000. The company sells the machinery for cash of $42,000. The journal entry to record the sale would include:
A. A debit to Cash of $42,000. B. A debit to Accumulated Depreciation of $47,000. C. A credit to Accumulated Depreciation of $40,000. D. A credit to Gain on Sale of $2,000. E. A credit to Machinery of $47,000.
The remedies of damages and rescission are available for:
a. material fraudulent misrepresentation. b. negligent misrepresentation. c. innocent misrepresentation d. All of these.
Why have so many online retailers had difficulty in achieving profits? How had this changed by 2018?
What will be an ideal response?
The equivalent units of production for transferred in units are always 100% because ________
A) they are the finished goods purchased and transferred to the next department B) they are considered 100% complete with respect to the entire production process C) they were 100% complete with respect to the previous department D) they are not utilized for production in the subsequent department