The simplex method deals exclusively with corner points
Indicate whether the statement is true or false
TRUE
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What action can be taken after the first round of offers?
A. make no concessions B. make some concessions C. insist on the original position D. All of these choices are correct.
Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking.
Using the following transactions, calculate the ending balance of (
A) total assets, (B) total liabilities, (C) Cash, and (D) Stockholders' Equity. Indicate whether each balance is debit or credit. a. Began doing business by selling shares of common stock to investors for $72,000 in cash.b. Paid one year's insurance in advance, $4,800.c. Billed customers for services rendered, $12,000.d. Received utility bill, to be paid next month, $800.e. Received $1,600 in advance of performing a service.f. Received $8,800 from customers billed in c.g. Paid $600 on the utility bill of d.h. Dividends of $4,000 were paid to common stock holders.
The Incoterm for the situation where the product is delivered at a specified terminal, the seller pays for transport and insurance to that terminal and retains the risk until the goods are loaded at that terminal, is
A. DAT. B. CPT. C. FAS. D. CIP. E. CIF.