The cost of goods manufactured on the manufacturer's income statement replaces ____________________ on the merchandiser's income statement
Fill in the blank(s) with correct word
purchases
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Jeff is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to the volume he will sell monthly. He has researched his competition, talked to some customers, and decided on prices he will charge. Jeff has also developed a plan for promoting his business. Based on this description, which element of the marketing mix does Jeff still need to work on?
A. price B. planning C. promotion D. place E. product
According to the text, which of the following is the first step in the sampling design process?
A) define the population B) determine the sampling frame C) select sampling technique(s) D) determine the sample size E) count your resources available
Luke Corporation is a manufacturer of home furnishings. Selected financial information about Luke is listed below: • Borrowed $850,000 from a bank. Purchased equipment for $210,000 in cash. • Purchase investments for $285,000. • Received dividends of $51,000 from an investment in Davis Corp • Paid dividends of $55,000. • Issued shares of preferred stock for $500,000. Repurchased
outstanding common shares using $100,000 in cash. • Purchased land for $100,000 cash. • Paid $36,000 interest expense on a bank loan. • Increased Inventories by $320,000 • Increased accounts receivable by $217,000. • Increased accounts payable $85,000. Use the above information to calculate Luke's: a. cash used or provided by investing activities b. cash used or provided by financing activities
The ________________ is the number of days required to complete the working capital cycle.