Flora's Flower Market sells eight potted petunias to a customer for $50.00, plus 5% sales tax. Flora's will recognize $52.50 in sales revenue.
Answer the following statement true (T) or false (F)
False
Only the $50 selling price is considered revenue. The $2.50 of sales tax collected is recorded as a liability (sales tax payable).
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Most drive thru windows at Dunkin Donuts are ______ channel, ______ phase queues.
a. single; single b. single; multi c. multi; single d. multi; multi
The index model for stock B has been estimated with the following result:RB = 0.01 + 1.1R M + eB.If ?M = 0.20 and R2B = 0.50, the standard deviation of the return on stock B is
A. 0.3111. B. 0.1111. C. 0.2111. D. 0.4111.
Services depend on the people who provide them. As a result, their quality varies with each person's capabilities and day-to-day job performance. This element of services is referred to as ________.
A. intangibility B. incongruity C. variation D. inconsistency E. differentiation
The local delicatessen caters a lunch for the company's staff meeting. How would this luncheon be classified?
A) ?Both a good and a service? B) ?Neither a good nor a service C) ?A good? D) ?A service? E) ?A product but not a good