Location is probably the single most important factor affecting the success of the ________
business establishment.
A) manufacturing
B) retailing
C) wholesale
D) both A and B above
E) both B and C above
B
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The net book value of a fixed asset is determined by
A) Original cost less accumulated depreciation B) Original cost less depreciation expense C) Original cost less accumulated depreciation plus depreciation expense D) Original cost plus accumulated depreciation
If the truck were required to take the route from City 4 to City 5, what would be the overall route?
A) 1-3, 3-4, 4-5, 5-6, 6-7 B) 1-2, 2-4, 4-5, 5-7 C) 1-2, 2-3, 3-4, 4-5, 5-6, 6-7 D) 1-3, 3-5, 5-6, 6-7 E) None of the above
Estimated liabilities commonly arise from all of the following except:
A. Warranties. B. Unearned revenues. C. Vacation benefits. D. Employee benefits. E. Income taxes.
A buyer who properly rejects goods A)can do so by sending the goods back in any manner
B)must notify the seller of the rejection within a reasonable time. C)must pay the costs of returning the rejected goods. D)is not required to act in good faith.