Sales reported on the income statement were $372,000 . The accounts receivable balance declined $4,500 over theyear. The amount of cash received from customers was $367,500
a. True
b. False
Indicate whether the statement is true or false
False
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Redeemable preferred stock is best considered as equity for ratio analysis
Indicate whether the statement is true or false
In a job order costing system, when overhead costs are applied, they decrease the Work in Process Inventory account
Indicate whether the statement is true or false
?Which of the following scenarios involves the distribution element of the marketing mix?
A. ?Deciding whether or not a certain product should continue to be sold B. ?Determining whether an advertising message would be more effective on television or in magazines C. ?Choosing between a company jet or the airlines for executive travel D. ?Deciding whether or not to have retail outlets in addition to a website E. ?Developing a new warranty policy for an existing product
Which of the following is a dynamic lot-sizing technique that adds ordering and inventory carrying cost for each trial lot size and divides by the number of units in each lot size, picking the lot size with the lowest unit cost?
A. Least unit cost B. Economic order quantity C. Least total cost D. Inventory item averaging E. Lot-for-lot