The business entity that purchases finished goods for resale is a:
a. Manufacturer.
b. Merchandiser.
c. Service business.
d. Wholesaler.
b
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Which of the following scenarios is consistent with an increasing cost of goods sold to sales percentage and increasing inventory turnover?
a. Firm raises prices to increase its gross margin but inventory sells more slowly. b. Weak economic conditions lead to reduced demand for a firm's products, necessitating price reductions to move goods. c. Strong economic conditions lead to increased demand for a firm's products, allowing price increases. d. Firm shifts its product mix toward lower margin, faster moving products.
You can think of the ________ as the "used stock" market because these shares have been owned or "used" previously
A) secondary market B) primary market C) NYSE market D) initial public offering market
Refer back to #40. Suppose that Melanie failed to make her payments to Zack, Fifth First has to foreclose on the home because Zack says he is not responsible for the payments any longer. Which of the following statements is correct?
A)?Zack is correct, the sale to Melanie ended his obligations to Fifth First Bank. B)?Zack is incorrect, he remains liable to Fifth First Bank. C)?Zack is not liable and Fifth First cannot foreclose because it had no relationship with Melanie. D)?Zack is correct, Melanie assumed the loan and the result was Fifth First released Zack.
On June 30, 20X0, Bow Corporation incurred a $150,000 net loss from disposal of a business component. Also on June 30, 20X0, Bow paid $50,000 for property taxes assessed for the calendar year 20X0. What amount of the preceding items should be included in the determination of Bow's net income or loss for the six-month interim period ended June 30, 20X0?
A. $100,000 B. $200,000 C. $175,000 D. $150,000