Which of the following terms best describes "Cost of goods available for sale"?
a. Cost of goods available for sale is an expense account.
b. Cost of goods available for sale is added to beginning inventory to determine cost of purchases during the period.
c. Cost of goods available for sale is subtracted from net sales to arrive at the gross margin
d. Cost of goods available for sale is allocated into cost of goods on hand and cost of goods sold at the end of the fiscal year
d
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Which of the following operational CRM technologies does the sales department typically use?
A. Campaign management, contact management, opportunity management B. Sales management, contact management, contact center C. Sales management, call scripting, opportunity management D. Sales management, contact management, opportunity management
In preparing the bank reconciliation, it is discovered that a check for the $87.00 telephone bill was written correctly for that amount but listed in error in the journal at $78.00 . This error will require a journal entry to correct the balance of the Cash account
Indicate whether the statement is true or false
A+ Modeling Agency signs a contract with Sandi to do a photo shoot for the local used car dealer's advertising. The contract was most likely written by
a. the owner of A+ Modeling Agency. b. Sandi. c. A+ Modeling Agency's lawyer. d. Sandi's lawyer.
In a business cycle, the _____ is a period of robust economic growth and high employment.
A. expansion B. recovery C. disinflation D. contraction