A Category “A” item in the ABC method of inventory management for a college bookstore would be

Hamilton Laundry purchased $7,000 worth of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the supplies indicated only $1,000 on hand. The adjusting entry that should be made by the company on June 30 is

A. debit supplies Expense and credit Supplies for $6,000 B. debit Supplies Expense and credit Supplies for $1,000 C. debit Supplies and credit Supplies Expense for $1,000 D. debit Supplies and credit Supplies Expense for $6,000

Which of the following is a policy of the Electronic Industry Code of Conduct (EICC)?

A) Excessive overtime can be propagated if it benefits the company. B) Child labor can be allowed when there is a shortage of employees. C) Contract manufacturers should follow some basic environmental requirements. D) Factory inspection should be limited to the headquarters.