Breakeven sales in dollars can be obtained without knowing the contribution margin per unit
Indicate whether the statement is true or false
T
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The inventory method which results in the prices paid for the earliest purchases being assigned to inventory on hand at the end of the period is:
a. First-in, first-out. b. Last-in, first-out. c. Last-in, last-out. d. Moving average.
In a periodic inventory system, cost of goods sold is recorded as each sale occurs.
Answer the following statement true (T) or false (F)
Backpacks Galore has an online tool that offers a wide variety of backpacks for direct purchase. The tool even allows customers to select an option to monogram their backpacks. Which of the following has Backpacks Galore most likely used?
A) phishing site B) online forum C) Web blog D) community Web site E) marketing Web site
Which of the following are NOT part of a company's external environment?
A) suppliers B) customers C) employees D) media outlets E) government regulations