If each purchase and sale of merchandise is recorded in the inventory and the cost of merchandise sold accounts, the method of accounting for merchandise inventory is the ________ method
a. periodic
b. perpetual
c. administrative
d. gross profit
b
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If the cost of going to the ATM is $2 and the nominal interest rate is 1 percent, someone who has a 9 percent probability of having his cash lost or stolen and spends $15 each day will go to the ATM once in every ____ days approximately.
A. 25 B. 31 C. 37 D. 43
What constitutes a meeting of the minds for antitrust laws? Why is it important?
What will be an ideal response?
Tim tends to listen in a way in which he can focus on the emotions and interests of others. He takes his time and work to understand what others think and feel. Which type of listener is Tim?
A. people-oriented B. action-oriented C. content-oriented D. time-oriented
If the liabilities of a business increased $97,000 during a period of time and the stockholders' equity in the business decreased $41,000 during the same period, the assets of the business must have:
A. Decreased $138,000. B. Increased $138,000. C. Increased $56,000. D. Decreased $56,000. E. Increased $41,000.