The just-in-time inventory control system is just a new approach to the EOQ model which tries to

produce the lowest average inventory possible.

Indicate whether the statement is true or false

TRUE

Business

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The Employee Bonus Payable would normally be shown on the balance sheet under long-term liabilities

Indicate whether the statement is true or false

Business

Broker Thomas, who was not your agent, told prospective tenants that he was your agent to lease your property. Thomas leased your property, and you accepted the rent from the tenant. You may NOT now deny the agency because of

A. ratification. B. interest coupled with the agency. C. waiver. D. estoppel.

Business