The term "inventory," for a merchandiser, refers to ________
A) raw materials that are used for production
B) equipment that are used in production process
C) the cost of goods sold
D) goods held for sale to customers
D
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A bookkeeper has debited an asset account for $6900 and credited a liability account for $3700. Which of the following would be an incorrect way to complete the recording of this transaction:
A. Credit another asset account for $3200. B. Credit another liability account for $3200. C. Credit the common stock account for $3200. D. Debit another asset account for $3200. E. Credit a revenue account for $3200.
Speed Quest Inc manufactures speed boats. Currently, the company manufactures its own engine for the boats at the following unit costs: Direct materials $25.00 Direct labor $40.00 Variable overhead $15.00 Fixed overhead $20.00 Another manufacturer has offered to supply Speed Quest with the engine at a cost of $85 each. Speed Quest currently makes 1,000 boats annually. If Speed Quest accepts the
offer, what will be the short-term impact on net income? A) Decrease of $5,000. B) Increase of $15,000. C) Decrease of $85,000. D) Increase of $20,000.
In the EOQ model, if quantity discounts are offered, buying a larger quantity just because of the lower per-unit purchase price ______.
A. might not result in the minimum total annual cost because the holding costs are likely to increase B. will result in the minimum total annual cost C. might not result in the minimum total annual cost because the ordering costs are likely to increase D. will result in the highest total annual cost
Explain how the expropriation of property is a risk for companies engaged in international business
What will be an ideal response?