A natural resource is subject to a process called depletion
Indicate whether the statement is true or false
T
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Assume the current ratio is 2 to 1 . Payment on accrued salaries payable would cause the current ratio to
a. increase b. decrease c. be unchanged since the effects offset one another d. be unchanged since it has no impact on any current accounts
Why do retailers prefer to deal with wholesalers rather than directly with manufacturers?
What will be an ideal response?
All of the following are factual statements relative to a standard cost system, except:
a. It cannot be used by service companies. b. The objective is to control costs and promote efficiency. c. A majority if U.S. manufacturers use this method. d. It is used in conjunction with such methods as job order, process, or backflush costing.
Holding costs have an inverse relationship with ______.
A. ordering costs B. dismantling costs C. costs of logistics D. costs of warehousing