Recently, a manager for a major retailer computed the following seasonal indexes:
Fall Qtr Winter Qtr Spring Qtr Summer Qtr
1.21 0.85 0.91
Note that the index for Summer Qtr is missing. However, it can be determined that the index for that period is approximately 1.03
Indicate whether the statement is true or false
TRUE
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When land with an old building is purchased as a future building site, the cost of removing the old building is part of the cost of the new building.
a. true b. false
Which of the following is not an advantage of a voucher system?
A) Several invoices may be included on one voucher, reducing the number of checks. B) Disbursement vouchers may be pre-numbered and tracked through the system. C) The time of voucher approval and payment can be kept separate. D) It is a less expensive and easier system to administer than other systems.