When a greenhouse plant grower sells plants to nursery retailers, is selling _____ products.
A. specialty
B. consumer
C. convenience
D. business
E. unsought
Answer: D
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The following information was taken from the financial statements of Sunshine City: Total current assets $ 53,000 Property, plant, and equipment 6,000 Current liabilities 21,000 Long-term liabilities 4,000 Owner's equity 34,000 Beginning inventory 31,000 Ending inventory 33,000 Cost of goods sold 152,000 Net income 42,000 The inventory turnover (rounded to one decimal place) for Sunshine City is
a. 2.2 times. b. 3.0 times. c. 4.8 times. d. 5.0 times.
The cost of a product warranty should be included as an expense in the
a. period the cash is collected for a product sold on account b. future period when the cost of repairing the product is paid c. period of the sale of the product d. future period when the product is repaired or replaced
In which of the following communication networks does each person communicate with two others who are adjacent to them?
A. circle B. wheel C. chain D. all-channel
Developing efficient methods of entering data on forms and determining the length of time that records should be kept are examples of activities involved in which of the following stages of the records cycle?
A. Creation B. Storage C. Utilization D. Retrieval