Revenues from sales of goods or services to customers during a period equal cash received from customers during that period
Indicate whether the statement is true or false
F
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Under Article 2 of the Uniform Commercial Code, which of the following statements illustrates a merchant?
A. Charles, a chef, sells his car to his neighbor. B. Annie, a teacher, contracts to sell her microwave and television to her friend, Iris. C. Nick, an electronic goods dealer, contracts to sell laptops to another firm. D. Theodora, a doctor, sells her phone to her friend.
Use the following information for Shafer Company to compute inventory turnover for year 2. Year 2 Year 1 Net sales$652,000? $583,800? Cost of goods sold 389,400? 360,930? Ending inventory 78,600? 80,280?
A. 8.30 B. 4.90 C. 5.90 D. 7.27 E. 4.05
Gender roles do not change over time and maintain uniformity across cultures.
Answer the following statement true (T) or false (F)
Volten Inc. is an online apparel store. It has separate sections for casual wear, office wear, and party wear. It also divides its products on the basis of price to suit people of various income levels
In this way, it caters to different sections of society. Which of the following bases has the company most likely used for positioning its products? a. Product class b. Emotion c. Attribute d. Product user