A painter mixing paint for a client starts with 6 1/2 quarts of white base paint. To each quart, the painter must add 2 2/3 ounces of tint. How many ounces of tint are required for this project?


6 1/2 × 2 2/3 = 13/2 × 8/3 = 13/1 × 4/3 = 52/3 = 17 1/3 ounces

Business

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In a perpetual inventory system, multiple performance obligations ________.

A) represent one distinct performance obligation B) may require the creation of an asset account, Unearned Revenue C) result in revenue being recorded when the separate performance obligations are identified because there is a binding contact D) require the company to allocate the transaction price to each performance obligation

Business

Which of the following variations of the retail inventory method would generally result in the lowest cost-to-retail ratio in a period of rising prices?

A) FIFO B) LIFO C) average cost D) lower of average cost or market

Business

In the general ledger, which of the following indicates posting from the sales journal?

a. J1; b. P2; c. CR5; d. CP3; e. S2

Business

The primary purpose of ________ is to communicate, create goodwill, and improve customer satisfaction and loyalty.

A. direct marketing B. public relations C. sales promotion D. internal marketing E. advertising

Business