The U.S. prohibits the export of pesticides not approved by the U.S. EPA
Indicate whether the statement is true or false
True
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Taffy Company requires customers to pay before products are shipped. On December 26, the company received $14,700 from the Goodie Company. On December 31, Taffy shipped half of the order to Goodie. What adjusting entry, if any, should Taffy make on December 31?
a. Debit Cash and credit Unearned Revenue for $14,700; b. Debit Cash and credit Revenue for $14,700; c. Debit Unearned Revenue and credit Revenue for $14,700; d. Debit Unearned Revenue and credit Revenue for $7,350; e. Taffy should wait until the entire order is shipped before making an adjustment.
Heinz and Jack Daniels worked together to produce Jack Daniels grilling sauce. This is an example of cobranding
Indicate whether the statement is true or false
A management information system can be designed to support many different types of management philosophies
Indicate whether the statement is true or false
Which one of the following would cause a decrease in the cost ratio as used in the retail inventory method?
a. Higher retail prices b. Lower net markups c. More employee discounts given d. Higher freight-in charges