_____ include anything that does not go directly into an organization's product
a. MRO items
b. Raw materials
c. Production support items
d. Services
e. Semifinished products and components
a
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There are two approaches that management can use to estimate the amount of credit sales that would prove to be uncollectible, they are the _____. Over time, the two methods, correctly used, will give the same cumulative income and asset totals. U.S. GAAP and IFRS do not require firms to use one or the other, and some firms use both methods
a. gross amount of sales procedure and the aging-of-accounts-receivable procedure. b. percentage-of-sales procedure and the aging-of-accounts-receivable procedure. c. percentage-of-cost of good sold procedure and the amount of accounts-receivable procedure. d. percentage-of-cost of good sold procedure and the aging-of-notes-receivable procedure. e. gross amount of sales procedure and the amount of accounts-receivable procedure.
Either the owner or the tenants ____ the apartment at the end of the lease
A) clean B) cleans
Travel Lines offered to sell 10 round-trip tickets to Elaine. Travel Lines stated that the acceptance must be in writing by USPS next-day service. Which of the following acceptances will create a contract between Travel Lines and Elaine?
a. Elaine calls Travel Lines and states that she will buy the tickets. b. Elaine sends a fax to Travel Lines stating she will buy the tickets. c. Elaine sends a letter by USPS next-day service to Travel Lines stating that she will buy the tickets. d. All of the above responses will create a contract between Travel Lines and Elaine since they constitute reasonable means of communication.
The longer the maturity of a zero coupon bond, the
A) greater its price. B) greater its redemption value C) greater the difference between its price and redemption value. D) less the difference between its price and redemption value.