Which of the following is true about articles of limited partnership?
A) The articles of limited partnership apply to the general partners only.
B) The articles must be filed along with the certificate of limited partnership.
C) Without articles of limited partnership, the partnership will be treated as a general
partnership.
D) If there are no articles of limited partnership, the certificate of limited partnership will
serve as the articles.
D
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The three categories of period costs are direct materials, direct labor, and manufacturing overhead
Indicate whether the statement is true or false
Crabapples, Inc purchases and sells boxes of dried fruit
The following information summarizes its operating activities for the year: Selling Expenses $10,000 Merchandise Inventory on December 31 32,000 Merchandise Inventory on January 1 46,000 Purchases of merchandise 82,500 Rent for store 12,700 Sales commissions 7,100 Sales revenue 168,000 What is the cost per box of dry fruits if Crabapples sold 4,000 boxes of dry fruit during the year? (Round your answer to the nearest cent.) A) $8.00 B) $42.00 C) $32.13 D) $24.13