The ____________________ price of merchandise is calculated by subtracting the amount of trade discount from the list price
Fill in the blank(s) with correct word
net
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Which of the following is NOT true of the range?
A) It identifies the distance between the lowest value and the highest value in a set of numbers. B) It identifies the maximum and the minimum in a set of numbers, and you can do a quick mental calculation to see how many units are in between. C) The range tells you how often the maximum and minimum occurred. D) It provides some information on the variability by indicating how far apart the extremes are found. E) If you find that the range is very narrow, you know that the average is typical of many respondents.
________ and ________ do not take title to goods
A) Full-service wholesalers; limited-service wholesalers B) Brokers; agents C) Rack jobbers; truck jobbers D) General merchandise wholesalers; specialty line wholesalers E) Drop shippers; cash-and-carry wholesalers
In line balancing, the number of workstations required (N) is given by ______.
A. cycle time/flow time B. idle time/cycle time C. sum of all task times/cycle time D. sum of all task times/flow time
Depreciation is the accounting term used to refer to
a. the periodic write-off of the acquisition cost of a tangible long-lived asset with a finite service life. b. the periodic write-off of the current fair market value of a tangible long-lived asset with a finite service life. c. the periodic write-off of the acquisition cost of an intangible long-lived asset with a finite service life. d. the periodic write-off of the current fair market value of a intangible long-lived asset with a finite service life. e. the periodic write-off of intangible assets.