A manager deciding where six departments could be located in a six-room office building has over 500 possible arrangements

Morris Company established a petty cash fund with a $400 balance. Which of the following statements is incorrect?

A) A journal entry is needed to debit the Cash account and credit the Petty Cash account for $400. B) There is no net effect on current assets. C) The sum of the cash plus the total of the petty cash tickets should equal $400 at all times. D) The petty cash custodian cashes a check for $400 and places the currency in the petty cash fund box.

In the modified rebuy situation, once a need has been recognized buyers will skip intervening steps in the business-to-business buying process and go directly to making a purchase

Indicate whether the statement is true or false