Most ____ are relevant to decisions to acquire capacity, but not to short-run decisions involving the use of that capacity
a. sunk costs
b. incremental costs
c. fixed costs
d. prime costs
C
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The ______________________________ triggers the "establish payable" process
Fill in the blank(s) with correct word
Acquisition cost should not include expenditures unrelated to the acquisition, like repair costs for damages incurred during installation, or costs incurred after the asset was installed and use begun
a. True b. False Indicate whether the statement is true or false
Type I error occurs when the sample results lead to the rejection of a null hypothesis that is in fact true
Indicate whether the statement is true or false
Which of the following is TRUE of posting from a sales journal to the general ledger?
A) Entries in the sales journal are posted to either the accounts receivable subsidiary ledger or the general ledger. B) Individual accounts receivable are posted daily from the sales journal to the accounts receivable subsidiary ledger. C) Even though the sales journal is posted monthly to the subsidiary ledger, it is a reliable record of the amount received from each customer. D) Under a perpetual inventory system, the sales journal will not have the Cost of Goods Sold DR and Merchandise Inventory CR column.