Goods held on consignment are
a. kept for sale on the premises of the consignor.
b. included as part of no one's ending inventory.
c. never owned by the consignee.
d. included in the consignee's ending inventory.
C
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Which of the following is not an example of a manufacturing overhead cost?
A) Shipping charges on finished products B) Indirect materials C) Indirect labor D) Depreciation on factory equipment
The 1995 National Securities Markets Improvement Act limited regulation of investment companies to the ________ and did away with some state authority in this area
A) New York Stock Exchange (NYSE) B) Federal Trade Commission (FTC) C) Securities and Exchange Commission (SEC) D) Federal Reserve Board (FRB)
Reston Inc. has expected sales of $17,000,000. While 10 percent of its customers pay cash, the remaining 90 percent pay on credit with 40 percent paying on Day 10, 30 percent paying on Day 20, 15 percent paying on Day 25, and 15 percent paying on Day 30. Which of the following is Reston's days sales outstanding (DSO)??
A. ?17.65 days B. ?18.25 days C. ?12.46 days D. ?10.12 days E. ?14.33 days
The primary reason the insurance mechanism functions successfully is the:
A) existence of hazard risks B) ease with which losses can be measured C) predictability of losses via the law of large numbers D) existence of many non-industrial nations