Business products that are purchased routinely, do not become part of finished goods, and are expense items rather than capital goods are called
A. raw materials.
B. installations.
C. accessory equipment.
D. component parts.
E. process materials.
Answer: C
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When an exchange of similar assets involves a gain,
a. the recorded amount of the new asset is the cost of the old asset plus any cash paid. b. the recorded amount of the new asset is the net book value of the old asset plus any cash paid. c. the recorded amount of the new asset is its fair market value less any cash paid. d. None of these are true.
Which of the following is the method of reporting amounts of cash received from customers less cash disbursed to various suppliers, employees, lenders for interest payments, and taxing authorities, allowed by U.S. GAAP?
a. the direct method b. the indirect method c. both the direct method and the indirect method d. the schedule of cash receipts and cash disbursements e. the funds flow statement
As a result of constrained decision making in franchising, _____
a. oversaturation of outlets can occur b. royalties are based on sales, not profits c. the franchisor can limit franchisee input into planning d. the franchisor uses short-duration leases
Explain the factors that influence the wage mix.
What will be an ideal response?