"Cover" is the profit a buyer expected to earn from the sale of merchandise

a. True
b. False
Indicate whether the statement is true or false


False

Business

You might also like to view...

________ is communicating a product or service message to as broad a group of people as possible with the purpose of positively influencing sales

A) Market targeting B) Target marketing C) Mass marketing D) Positioning E) Multisegment marketing

Business

Which of the following is NOT true of NAFTA?

A. The agreement has a long adjustment phase-in time period. B. It expands trade by requiring equal treatment of U.S. firms in Mexico and Canada. C. It will provide additional opportunities for the United States in long-term affiliations with other countries in the Western Hemisphere. D. It provides protection for intellectual property among its members. E. Business licensing requirements have been increased.

Business

After both of the entries for the inventory adjustment have been posted, the debit in the Income Summary account represents:

A. Cost of Goods Sold B. Beginning Inventory C. Ending Inventory D. Net Income

Business

Assume that the Federal Reserve decreases the money supply. This action will cause ________ to decrease.

A. interest rates B. the unemployment rate C. -investment in the economy D. trade balance

Business