Under the periodic inventory method, the ending inventory is adjusted by debiting Income Summary and crediting Merchandise Inventory

A product mix decision focuses on generating the maximum profit for a company but does not consider the company's limited production capabilities

Indicate whether the statement is true or false

The use of the color ________ dates back millennia as seen by artisans in ancient Egypt, China, and Mayan civilizations and is now associated with royalty and divinity

A) red B) green C) blue D) orange E) brown