The activities of a water utility department, which offers its services to the general public on a user charge basis, should be accounted for in
A. An internal service fund.
B. A special revenue fund.
C. The General Fund.
D. An enterprise fund.
Answer: D
Business
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During the year, The Core Company purchased $1,700,000 of inventory. The cost of goods sold for the year was $1,600,000 and the ending inventory at December 31 was $330,000 . What was the inventory turnover for the year?
a. 2.9 b. 3.3 c. 5.7 d. 6.1
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The maximum amount of goods and/or services that a system can produce over a set period of time refers to?
a. Capacity b. Ceiling c. Floor d. Reorder point
Business
Domestic firms do not have foreign exchange risk
Indicate whether the statement is true or false.
Business
Independent data marts do not generally lead to redundant data and efforts
Indicate whether the statement is true or false
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