Weightless Workouts, Inc., offers to sell a home gym to Jessica and sends it to her on a trial basis. This is
A. a consignment.
B. a delivery ex-ship.
C. a sale on approval.
D. a sale or return.
Answer: C
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Checkmarks are used in the Posting Reference column to indicate these totals have not and are not required to be posted
Indicate whether the statement is true or false
What basis of accounting is used by government funds?
a. Modified accrual b. Accrual c. Cash d. Semi accrual
Mrs. Baird's is attempting to forecast sales for a new ice cream cake. To come up with an accurate forecast, Mrs. Baird's places the product in Atlanta supermarkets for a period of four months. In this instance, Mrs. Baird's is using which forecasting method?
A. Time series analysis B. Market test C. Executive judgment D. Regression analysis E. Survey
Direct labor and indirect labor are recorded, respectively, to:
A. Finished Goods Inventory and Work in Process Inventory. B. Work in Process Inventory and Finished Goods Inventory. C. Factory Overhead and Work in Process Inventory. D. Cost of Goods Sold and Finished Goods Inventory. E. Work in Process Inventory and Factory Overhead.