The percentages of household expenditures spent on transportation, communication, and health care by residents of industrialized nations are _______________ the percentages spent by residents of developing nations.
A. equal to
B. triple
C. twice
D. two-thirds
E. half
Answer: C
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An individual with the personality trait of extroversion tends to be quiet and reserved
Indicate whether the statement is true or false
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units?On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $3,270. B. $3,445. C. $3,200. D. $3,405. E. $3,540.
Firms that tend to focus on conducting e-business with other businesses are referred to as having a B2B focus.
Answer the following statement true (T) or false (F)
Moreland Moldings purchased goods on credit costing $85,000 with terms of 3/10 n/30. Payment is made to the seller 7 days after the purchase. How would the payment be recorded?
A. Debit Accounts Payable for $85,000 credit Cash for $82,450, and credit Inventory for $2,550. B. Debit Accounts Payable for $85,000, credit Cash for $82,450, and credit Cost of Goods Sold for $2,550. C. Debit Accounts Payable and credit Cash for $85,000. D. Debit Inventory for $2,550, debit Cash for $82,450, and credit Accounts Payable for $85,000.