Which statement is true about the gross profit method?
a. It may not be used to estimate inventories for annual statements.
b. It may not be used to estimate inventories for interim statements.
c. It may not be used by insurers of inventory.
d. It may not be used for internal estimates of inventory.
A
You might also like to view...
_____ is a response to buyer objections in which the salesperson answers the objection during the sales presentation before the buyer has a chance to ask it.
A. Forestalling B. Priming C. The translation technique D. The reinforcement technique E. The compensation technique
Lawrence sells lockers like those found in airports, bus stations, exercise centers, and schools. His fixed selling costs are $65,000 annually. His annual sales are $390,000 and the annual cost of the lockers he sells equals $255,000. Calculate his gross profit in percentage and his break-even point.
What will be an ideal response?
_____ refers to the level of a sound on a musical scale
Fill in the blank(s) with correct word
Even-Bilt Construction contracts to build a warehouse for Discount E-Sales Company. Even-Bilt completely performs. Discount E-Sales is entitled to
a. damages. b. nothing more. c. to be excused from performance. d. suspend performance.