Cost of goods sold is a type of expense

Indicate whether the statement is true or false


True

Business

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Quality Products Inc incurred total costs of $50,000 to produce 1,400 units. Variable costs are $15 per unit. What are estimated fixed costs?

A) $21,000 B) $71,000 C) $48,600 D) $29,000

Business

Occupational Safety and Health Administration (OSHA) citations may be issued immediately following an inspection or later by mail.

Answer the following statement true (T) or false (F)

Business

Data flows of an AP/CD process normally might include all of the following except:

A. PO accounts payable notification B. sales report C. receiving report D. vendor invoice

Business

An expression of opinion will usually create a warranty

a. True b. False Indicate whether the statement is true or false

Business