Working capital is current assets minus current liabilities.
Answer the following statement true (T) or false (F)
True
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Gross margin as a percentage of sales is a common analytical tool for service companies
a. True b. False Indicate whether the statement is true or false
Why is it important for a company to maintain the same accounting methods and practices from period to period?
____________, also known as customized or personalized pricing, refers to the practice of price discrimination
a. Critical ratio pricing b. Dynamic pricing c. Collective pricing d. Fixed pricing e. Classical pricing
Buyer Bob breaches his contract for the sale of goods with Seller Suzie. Suzie still has possession of the goods at the time of the breach. Suzie can refuse to deliver the goods and
a. resell the goods and sue Bob for the total contract price. b. either resell the goods or sue, but not both. c. resell the goods and sue for any loss on the sale plus incidental damages less expenses saved. d. resell the goods and sue only for incidental damages.