Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home and back
The business is profitable during the summer months, but when the storage space is unoccupied in the off-season, Alex loses money. Which of the following characteristics of service is most likely the source of Alex's problem?
A) intangibility
B) perishability
C) inconsistency
D) variability
E) inseparability
B
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Consider the following: Code: A = Gross profit to net sales ratio B = Gross profit to cost of goods sold ratio Which equation is correct?
A) A = B / (1 ? B) B) A = (1 + B) / B C) A = (1 ? B) / B D) A = B / (1 + B)
Point Corporation purchased supplies at a cost of $14,500 during the year. At January 1, supplies on hand were $1,000. At December 31, supplies on hand are $3,500. Determine the amount of supplies expense for the year
A) $14,500 B) $12,000 C) $13,500 D) $17,000
The critical path activities have no slack
Indicate whether this statement is true or false.
Financial analysis typically involves some form of comparison such as changes in the same item over a number of years.
Answer the following statement true (T) or false (F)