A continuous measurement such as weight, height, or volume is known as a ________.
Fill in the blank(s) with the appropriate word(s).
Answer: variable
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Quality-Value, Inc. maintains a gross margin of 75% on all of its merchandise. In September the company had a beginning inventory of $604,900, net purchases of $186,900, and net sales of $487,600. Use the gross profit method to estimate the cost of ending inventory as of September 30.
A. $200,561 B. $418,300 C. $691,800 D. $669,900
Customer A generates $17,500 (on average) of annual sales for a supplier with a profit margin of 12%. Customer B generates $19,000 (on average) of annual sales for the supplier with a profit margin of 10%. Assume a 7% discount rate and that each customer has an expected lifetime of 5 years. Which customer has a greater customer lifetime value?
a. Customer A b. Customer B c. Customer A and B have equivalent lifetime values d. Cannot be determined from the information given
An ESOP is a five- to six-year plan to sell a business to its employees.
Answer the following statement true (T) or false (F)
The person committing a tort is subject to a civil law suit
Indicate whether the statement is true or false