Which of the following accounts will not be found on the Cost of Merchandise Sold section on the Income Statement?
A) Purchases
B) Freight In
C) Sales Returns and Allowances
D) Merchandise Inventory
C
You might also like to view...
Meghan, who recently moved to a new city, evaluates several insurance options from her new employer. Owing to her recent medical issues, she wants to choose her health care providers, even if seeing them costs more than seeing the providers in a specific insurance network. Which health care plan is Meghan most likely to find suitable for her needs?
A. a managed care plan B. a health maintenance organization C. a flexible spending account D. an employee wellness program E. a preferred provider organization
The team at TeleCorp was very impressed by their competitor’s most recent release. They found it intriguing and are worried about some of their current customers switching services since they do not have a comparable product. They have begun doing their own research in this new field and thinking about how to create their own offering. What stage of the change process are they in?
a. commitment b. resistance c. denial d. exploration
Ideally, you want to have a positive "double" bottom line. This means ________.
A. you are achieving twice the revenues you expected B. you have twice the number of customers that you expected C. you have twice the profit you expected D. your profit allows you to stay in business and achieve your mission
Answer the following statement(s) true (T) or false (F)
The past 100 years have seen numerous examples of new ways to use old ideas.