Noah Jacob owns an automobile shop in Toronto and it specializes in selling motorcycles. He usually sells in batches, however, recently Noah bought a motorcycle from a well-known dealer for $7,540 and marked it up by $6,835 . Compute the selling price of the motorcycle
$7,540 + $6,835 = $14,375 selling price
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Regarding Electronic Data Interchange (EDI), which of the following statements is incorrect?
A) A manager approves the invoice, and then an electronic fund transfer sends the retailer's payment to the supplier. B) The retailer electronically sends an invoice to the supplier. C) EDI procedures are used for both cash payments and cash receipts in many companies. D) When a retailer's inventory reaches a low level, the computer creates and sends an electronic purchase order to the supplier.
What is a LIFO liquidation, and what is its effect on income before income taxes?
According to Shepherd, Shanley, and Porter, which of the following is a small business supra-strategy?
A. Altruism B. Technology C. Scope savings D. Single-mindedness
You should prepare the audience for the upcoming joke so they will be ready for it
Indicate whether the statement is true or false