Agriculture, forestry, fishing, mining, construction, and manufacturing are considered to be in which sector of the U.S. economy?
a. Farming
b. Goods
c. Services
d. Political
b. Goods
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It is not acceptable to erase accounting information because it suggests you are trying to hide something
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Managerial accounting is used in manufacturing and merchandising companies, but not in service companies. 2. Managerial accounting can be used to calculate costs for service and merchandising companies. 3. Service companies do not have product costs, so they often consider all operating expenses as part of their cost of service. 4. A merchandiser does not need to calculate cost per unit because it resells goods that are already manufactured.
What types of products do specialty stores carry? Give an example of a specialty store
What will be an ideal response?
Mary and Remaldi Co have dealt with each other for many years. Mary's Boutique orders 100 assorted lipsticks at $2.00 each from Remaldi Co Remaldi sends back a confirmation letter with an additional, nonmaterial term. There is:
a. no contract, but a counteroffer. b. a contract with the additional term unless Mary objects. c. a contract with the additional term only if Mary agrees. d. a contract without the additional term.