The primary activity of manufacturing companies is to purchase goods from a wholesaler and resell them
Indicate whether the statement is true or false
FALSE
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Which of the following is a common assumption in the balanced scorecard?
A) An organization will get only what it measures B) An organization will achieve the benchmark set C) Organization goals can be set only for a short-term period D) An organization does not the follow traditional costing method
The network model has structural level dependence
a. True b. False Indicate whether the statement is true or false
Oregon Co. began operations on January 1, Year 1, by issuing $10,000 in common stock to the stockholders. During the year, services in the amount of $32,000 were provided to customers on account, and 80% of this amount was collected by year-end. During the year, operating expenses incurred on account were $24,000, and 60% of this amount was paid by year-end. The company paid $1,000 of dividends to stockholders during the year. During the year, Oregon paid salaries of $3,000, and on December 31, Year 1, the company accrued salaries of $2,800.Oregon recorded all appropriate year-end adjustments.1) What would Oregon report for service revenue for Year 1?2) What would Oregon report for salaries expense for Year 1?3) What would the amount be for net cash flows from operating activities for
Year 1?4) What is the net income for Year 1?5) What would the balance in the retained earnings account be at December 31, Year 1? What will be an ideal response?
An attribute that may take on more than one value for each entity instance is referred to as a:
A) gerund B) multivalued attribute C) nonexclusive attribute D) supertype