Moving average is the name given to the use of an average cost method used with a periodic inventory system
a. True
b. False
Indicate whether the statement is true or false
False
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For years, ads for Volvo automobiles stressed safety features and protection in the event of a crash. Thus, Volvo automobiles developed a reputation based on which positioning strategy?
A) use/user B) attribute/benefit C) competition D) high touch E) quality/price
When using the indirect method, how is the receipt of cash from the sale of long-term investments treated on the statement of cash flows?
a. Operating activity b. Investing activity c. Financing activity d. Noncash investing or financing activity
Negotiable instruments:
a. include drafts, promissory notes, assignments, and certificates of deposit. b. are used primarily for smaller transactions. c. in the form of checks have decreased in use since 2000. d. have increased in usage to the point where they are now approximately equal to usage of cash for payments.
A smooth talking door-to-door salesman talks you into buying $200 worth of magazine subscriptions. After he leaves you want out of the deal. The contract you signed:
a. is voidable because you did not give genuine consent b. is voidable because you were under duress c. will be voidable only if you can show the subscriptions are worth far less than you paid d. is enforceable, you cannot walk away from this just because the salesman was good e. none of the other choices