The ________ represents the amount of money a seller makes before any expenses are
subtracted.
A) net profit B) return of capital
C) gross margin amount D) return on capital
C
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Turnbull Software is a medium-sized but growing company that works diligently to create a supportive and familylike atmosphere for its employees. It provides superior benefits and involves employees in decisions large and small. Turnbull has a(n) ______ culture.
A. clan B. adhocracy C. market D. hierarchy E. espoused
The company maintains its records of inventory on a perpetual basis using the FIFO inventory costing method. Calculate the amount of ending Merchandise Inventory at December 31, 2018 using the lower-of-cost-or-market rule.
Boulevard Home Furnishings had the following balances and transactions during 2018.
What is a primary difference between business and consumer buyers?
A. Consumer buyers require more product information than business buyers. B. Business purchases are made by one individual whereas families make consumer purchases together. C. Repeat sales are more common with consumer buyers than business buyers. D. Consumers primarily buy inexpensive items; businesses only buy expensive items. E. Business buyers generally make larger orders than consumer buyers.
Which of the following will increase your debt?
A) Paying off a student loan B) Buying a smart phone with cash C) Borrowing funds to buy a car D) Buying stock with cash