Ending merchandise inventory for LIFO will be the same dollar amount under a periodic inventory system as under a perpetual inventory system

Indicate whether the statement is true or false


F

Business

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A disadvantage of the corporate form of business entity is

a. mutual agency for stockholders b. unlimited liability for stockholders c. corporations are subject to more governmental regulations d. the ease of transfer of ownership

Business

Managers prepare process cost reports in the evaluating stage of the management process

Indicate whether the statement is true or false

Business

Supervisor salaries, maintenance, and indirect factory wages would normally appear in the operating expenses budget

Indicate whether the statement is true or false

Business

Two factors are considered essential to the selection of blue cheese for the Burgerhoff Restaurant color and texture. The Burgerhoff insists that color is four times as important as is texture for food presentation purposes

The Burgerhoff is considering two brands of blue cheese. After tasting the two brands, color and texture ratings have been assigned as indicated. Use a multifactor evaluation process to determine which brand of cheese best suits the needs of the Burgerhoff. Brand Color Texture A 0.8 0.6 B 0.7 0.8

Business