If a company uses a standard cost system, inventory records can be updated from the
a. vendor invoice
b. purchase order
c. receiving report
d. purchase requisition
C
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On January 2, 2016, Garage Master Construction, Inc issued $500,000, 10-year bonds for $574,540 . The bonds pay interest on June 30 and December 31 . The face rate is 8% and the market rate is 6%. The interest expense on the bonds at June 30, 2016, is
a. $2,764. b. $17,236. c. $20,000. d. $22,764.
A marketing strategy in which the firm focused on efficient processes and production to create quality products and reduce unit costs was referred to as the
A. marketing concept era. B. relationship marketing era. C. customer orientation era. D. sales orientation era. E. production orientation era.
Detailed production schedule is the ______ set of decisions in the hierarchy of operations decision for ______ organizations.
A. last; manufacturing B. first; manufacturing C. last; service D. first; service
Equitable remedies are available if there has been a breach of contract that cannot be adequately
compensated by a legal remedy. Indicate whether the statement is true or false