Article 2 of the Uniform Commercial Code deals with what type of property?
A) Real
B) Personal
C) Intangible
D) Business
B
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Services high in ________ qualities have characteristics that the buyer can evaluate after purchase
A) privacy B) experience C) credence D) search E) stock
Usually specific authorization is required for all of the following except
a. sales on account which exceed the credit limit b. sales of goods at the list price c. a cash refund for goods returned without a receipt d. write off of an uncollectible account receivable
Which one of the following measurement bases applies to receivables?
a. Historical cost b. An approximation of net realizable value c. Selling price through factoring d. Discounted present value
A retailer uses the weeks' supply method of inventory-level planning. Average weekly sales during a 4-month period are forecast to be $7,500; the retailer wants to stock 9 weeks of merchandise
What should the planned average inventory level be during this period? a. $67,500 b. $73,000 c. $262,800 d. $292,000