Which one of the following items appears on a balance sheet?
a. Accounts payable
b. Sales revenue
c. Utilities expense
d. Cost of goods sold
a
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When the market rate of interest is greater than the contract rate of interest, the bonds should sell at
A) a premium. B) par value. C) a discount. D) face value.
A retail store has beginning inventory of $30,000, purchases of $220,000, sales of $200,000, and a normal gross margin of 25 percent. What is estimated inventory based on these facts and the gross profit method?
A) $50,000 B) $150,000 C) $100,000 D) $200,000
While chains account for about 30 percent of all retail establishments, they account for what percent of total retail sales?
a. 30 b. 50 c. 75 d. 90
A binomial probability distribution indicates the probability of r successes in n trials
Indicate whether this statement is true or false.