Hungary's economy was the only economy in the EU to continue to grow during the global recession of 2008-2009.
Answer the following statement true (T) or false (F)
False
Poland's economy was the only economy in the European Union to continue to grow during the global recession of 2008-2009. In 2015, Poland's GDP grew by around 4 percent. Although the relatively swift transition to a market economy has been very difficult for the Polish people, with very high inflation initially, continuing unemployment, and the decline of public services, Poland's economy has done relatively well.
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Which of the following would be a way to focus on removal of negative cues when working?
a. Put down the smart phone b. Move the TV to a less used room c. Remove a candy dish from coffee table d. Place an inspirational quote above work space
Match the following definitions and terms by placing the letter for the terms A through J in the blank space next to the best definition.A. Trade discountF. Acid-test ratioB. General and administrative expensesG. Merchandise inventoryC. FOB shipping pointH. Selling expensesD. Single-step income statementI. Multiple-step income statementE. FOB destinationJ. Inventory shrinkage___1. A measure of a company's ability to pay its current liabilities that excludes less liquid current assets such as inventory and prepaid expenses.___2. An income statement format that lists cost of goods sold as another expense and shows only one subtotal for total expenses.___3. The point of ownership transfer from seller to buyer that takes place when the goods arrive at the buyer's place of business.___4.
Products a company owns and intends to sell.___5. The expenses that support a company's overall operations and include costs related to accounting, human resources and finance.___6. The point of ownership transfer from seller to buyer that takes place when the goods depart the seller's place of business.___7. Inventory losses that require an adjusting entry to account for losses from theft or deterioration.___8. An income statement format that shows detailed computations of net sales and other costs and expenses, and reports subtotals for various classes of items.___9. A given percent deducted from a list price often granted to customers purchasing large quantities of merchandise.___10. The expenses of advertising merchandise, making sales, and delivering goods to customers. What will be an ideal response?
The average inventory at cost for Western Gear, Inc was $367,985. The turnover rate at cost was 3.4, based on cost of goods sold of $1,251,150. The published inventory turnover at cost is 5.7. Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)
A) $148,500 B) $219,500 C) $367,900 D) $368,000
In a common size income statement, each item on the income statement is expressed as a percentage of:
A. sales revenue. B. gross profit. C. total expenses. D. net income.