Regarding wholesalers, which of the following types has the lowest costs as a percent of sales?
A. manufacturers' sales branches
B. merchant wholesalers
C. service wholesalers
D. agent wholesalers
E. specialty wholesalers
Answer: D
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Exhibit 22-3 Katrina Company acquired a truck on January 1, 2016, for $140,000. The truck had an estimated useful life of five years with no salvage value. Katrina used straight-line depreciation for the truck. On January 1, 2017, Katrina revises the estimated useful life of the truck. Katrina made the accounting change in 2017 to reflect the extended useful life. ? Refer to Exhibit 22-3. If
the revised estimated useful life of the truck is a total of seven years, and assuming an income tax rate of 35%, what is the amount of the prior-years effect that Katrina should report in its 2017 income statement as a result of changing the useful life of the truck? A) $0 B) $5,600 C) $16,800 D) $58,800
One of the four dimensions of transformational leadership, ______ promotes commitment to a shared vision of the future.
A. idealized influence B. inspirational motivation C. intellectual stimulation D. individualized consideration
Measuring program expenses to contributed income is an example of applying a ______.
A. dashboard B. benchmark C. logic model D. financial ratio
A company's budget manual is a detailed set of information and guidelines about the budgeting process
Indicate whether the statement is true or false