A court order authorizing an official to do something the official would otherwise be prohibited from doing is called a ________.
Fill in the blank(s) with the appropriate word(s).
warrant
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If merchandise inventory is being valued at cost and the purchase price is steadily falling, which method of costing will yield the largest net income?
A) average cost B) LIFO C) FIFO D) weighted average
Using vertical analysis of the income statement, a company's net income as a percentage of net sales is 15%; therefore, the cost of goods sold as a percentage of sales must be 85%
Indicate whether the statement is true or false
Which of the following services would not be available through premium discount brokerages?
A) fast execution of trades B) lower commissions on most trades C) phone conversations and advice from a broker D) the ability to place limit and stop-loss orders
Which of the following describes an active RFID tag?
A. An electronic identification device that is made up of a chip and antenna. B. Does not have a power source. C. Has its own transmitter and a power source (typically a battery). D. A transmitter/receiver that reads the contents of RFID tags in the area.