Costs of goods sold may include all of the following EXCEPT
a. insurance.
b. shipping costs.
c. manufacturing costs.
d. management salaries.
d
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Which of the following statements is incorrect?
a. The North American Industry Classification System (NAICS) was created jointly by the United States, Canada, and Mexico. b. For the NAICS, economic units with similar production processes are classified in the same industry, and the lines drawn between industries demarcate differences in production processes. c. NAICS provides enhanced industry comparability among the three NAFTA trading partners. d. NAICS divides the economy into twenty sectors. e. In most sectors, NAICS provides for compatibility at the industry (six-digit) level.
Nita can visit her local supermarket and buy a dozen roses, a gallon of milk, two birthday cards, a bag of cat litter, and a pan for roasting a turkey. This illustrates how channels of distribution benefit consumers by ________
A) creating atmospherics B) creating assortments C) directing logistics D) managing knowledge E) managing relationships
Gena Company uses the retail method of inventory costing. They started the year with an inventory that had a retail cost of $35,000. During the year they purchased an inventory with a retail cost of $300,000. After performing a physical inventory, they calculated their inventory at $52,000. The mark up is 100% of cost. Determine the ending inventory at its estimated cost
Answer the following statements true (T) or false (F)
1. During and after the Great Depression, it was rare for unions to strike. 2. The rise in union membership after 1935 was due to increased legislative protections for unionization and a surge in craft unionism. 3. Industrial unions challenged the power of craft unions at a time when craft unions were struggling with jurisdictional fights and problems coordinating the efforts of various local unions. 4. The CIO formed because leaders of the AFL refused to represent the low skilled mass production workers in industries such as steel, automobiles, and textiles. 5. The National Labor Relations Act had an immediate, positive impact on employer's willingness to accept unions in the workplace and to bargain with them over the wages, hours and working conditions of their members.