Ending inventory is subtracted from cost of goods available for sale to compute:
A. beginning inventory.
B. cost of goods sold.
C. gross profit.
D. net sales.
Answer: B
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Answer the following statements true (T) or false (F)
1. Demassification refers to customers becoming part of mass markets that reflect mass behavior and mass values. 2. Reactive change involves making carefully thought-out changes in anticipation of possible or expected problems or opportunities. 3. Walt Disney Company's investment of $1 billion into a wearable technology that it hopes will revolutionize the way visitors spend money at Walt Disney World, featuring a website ("My Disney Experience") and data-collecting wristbands ("MagicBands") that interact with scanners throughout the 40-square-mile theme park, is an example of proactive change. 4. B corporations are ones whose stocks are not listed on NASDAQ or as part of the Dow Jones Industrial Average.
The General Agreement on Tariffs and Trade and its successor, the World Trade Organization, have resulted in
a. termination of export subsidies applied to manufactured goods. b. termination of import tariffs applied to manufactured goods. c. encouragement of beggar-thy-neighbor policies. d. reductions in trade barriers via multilateral negotiations.
In ________, new employees work in specific jobs under the direct supervision of their managers.
A. the blended approach B. an orientation program C. etiquette training D. on-the-job training E. a structured training program
For the month of September, Seawide Sales Company recorded gross pay of $74,500. The net pay for the month amounted to $59,500. The salaries are paid on October 5. Which of the following is the journal entry for the payment of salaries?
