Increasing Internet bandwidth has led to synchronous e-learning events no longer being limited to specially constructed interactive video classrooms and networks
Indicate whether the statement is true or false
TRUE
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If there is only one class of stock outstanding, such stock would be classified as preferred stock
a. True b. False Indicate whether the statement is true or false
Purchase discounts, freight in and receiving costs ________.
A) are considered selling costs B) should not be considered when setting a cost standard for materials C) are used when setting a cost standard for materials D) are determined by a company's accountants and human resource managers
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
A. Debit Accounts Payable $1,800; credit Cash $1,800. B. Debit Accounts Payable $1,600; credit Merchandise Inventory $32; credit Cash $1,568. C. Debit Accounts Payable $1,600; credit Cash $1,600. D. Debit Merchandise Inventory $1,600; credit Cash $1,600. E. Debit Cash $1,600; credit Accounts Payable $1,600.
For a profit maximization problem, if the allowable increase for a coefficient in the objective function is infinite, then profits are unbounded
Indicate whether this statement is true or false.