Simulations should always be started with an empty system

Indicate whether this statement is true or false.

Answer: FALSE

Business

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Andy Store sold merchandise in the amount of $5,800 to a customer on October 1, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Andy uses the perpetual inventory system. The journal entries that Andy will make on October 1 will include:

A) Debit to Accounts Receivable for $4,000 B) Credit to Merchandise Inventory for $5,800 C) Debit to Cost of Goods Sold for $5,800 D) Credit to Merchandise Inventory for $4,000 E) Credit to Net Income for $1,800

Business

___________ occurs when the volume of information a person receives exceeds his capacity to process it

Fill in the blanks with correct word

Business