Partial income statements of Company A and Company B are provided below
Company A
Revenue $80,000
Expenses:
Utilities Expense $5,000
Salaries Expense 15,000
Rent Expense 3,2000
Total Expenses 23,700
Operating Income $56,300
Company B
Revenue $50,000
Cost of Goods Sold:
Beginning Merchandise Inventory $4,000
Purchases and Freight In 23,000
Ending Merchandise Inventory (5,500 )
Cost of Goods Sold 21,500
Gross Profit $28,500
Which of the following statements is true?
A) Company A is a merchandising company.
B) Company B is a manufacturing company.
C) Company A is a manufacturing company.
D) Company A is a service company.
D
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The individual that negotiates rates for space on billboards and in magazines is the:
A) creative B) media planner C) media buyer D) client
One responsibility of a service desk professional is to discourage and report software _______, which is the unauthorized use or reproduction of copyrighted or patented software.
What will be an ideal response?
Sam Levenson lent $50,000 to Mort's Auto Sales Limited, a used car retailer. Sam took a chattel mortgage on each of the 10 vehicles on Mort's lot and registered them under the PPSA
Mort's Auto Sales sold the cars to 10 different customers and said nothing about the chattel mortgages to those customers. Mort paid other creditors. Sam received no payment and wants to enforce the chattel mortgage. Which of the following is TRUE? A) The chattel mortgages are not enforceable against the customers because of the retail sales exemption. B) The chattel mortgages are enforceable because they were all properly registered under the PPSA. C) The chattel mortgages are enforceable even though the customers did not know of them. D) The chattel mortgages are not enforceable against the customers because they did not have notice of them. E) Both B and C
A warranty of merchantability means that the buyer has a right to expect that the good performs as expected
Indicate whether the statement is true or false