Burlington offered its customers a reduction in price on some clothing items that were slightly faded from being in the window at the front of the store. This reduction is called a
A. cost of goods sold.
B. sales allowance.
C. sales return.
D. sales discount.
E. sales bargain.
Answer: B
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Regulation of technological changes has been relaxed by the U.S. government over recent years
Indicate whether the statement is true or false
The issuance of shares of preferred stock to shareholders
a. increases preferred stock outstanding. b. has no effect on preferred stock outstanding. c. increases preferred stock authorized. d. decreases preferred stock authorized.
The direct materials section of a job cost sheet shows the materials costs assigned to a specific job, but the direct labor section only shows the total hours of labor allocated to the job.
Answer the following statement true (T) or false (F)
Secondary boycotts
a. are generally legal provided the boycott is peaceful. b. are generally legal provided the boycott does not involve public employees such as nurses or school teachers. c. are not expressly permitted nor prohibited under federal law. d. are generally illegal.