The cost of goods sold for a company for the year was $1,600,000 . Merchandise inventory at the beginning of the year was $195,000 and merchandise inventory at the end of the year was $205,000 . The average number of days that the inventory was held during the year was
a. 8.0 days.
b. 25.0 days.
c. 39.6 days.
d. 45.6 days.
d
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A common use for sequential coding is
a. creating the chart of accounts b. identifying inventory items c. identifying documents d. identifying fixed assets
Differentiation provides protection against rivalry since brand loyalty lowers customer sensitivity to price and raises customer switching cost.
Answer the following statement true (T) or false (F)
With regard to the social-business letter format, which of the following statements is NOT true?
A. The inside address is placed last, at the bottom left of the page. B. The salutation ends with a comma rather than a colon. C. The baronial letterhead cannot be used. D. Reference initials and copy notations are not included.
Which of the following statements is TRUE? In a standard form contract
A) a court will interpret the contract in favour of the party that wrote it if there is confusion B) a company does not have to point out any unusual terms if the contract is made between two companies C) consumers must beware and carefully read all the terms as the court will not protect them if they did not notice a disclaimer clause D) lawyers for both sides usually negotiate all the terms E) signatures cannot be done electronically, only in person