On June 30, Greenville Manufacturing finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory. On July 6, Greenville completed the sale of the goods to a customer for $55,000 on account.
Provide the entry to record the cost of goods sold. Omit explanation. Assume the perpetual inventory system is used.
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________ gives the retailer a measure of how much profit it is making on merchandise sales without considering the expense associated with operating the store.
A. General expenses B. Financial leverage C. Gross margin D. Expenses E. Net profit
A buyer is ________ if he cannot pay his bills when they become due.
A. insolvent B. unaccountable C. unconscionable D. liquidated
If there is some bad news about your organization, and your readers have already heard some of this bad news, you should
A) use the indirect organizational plan. B) use emotional language to demonstrate empathy. C) confirm the news early and offer more information. D) use a longer buffer paragraph to cushion the effect. E) subordinate subtle goodwill language.
Emma took an extended break from work because she wanted to take a three-month course in geneaology. However, her supervisor refused to grant her leave, explaining to her in a face-to-face meeting that there were too many projects with deadlines nearing, and he could not afford to let employees take long breaks. Although argumentative at first, Emma understood and consented to stay. Why was oral communication more appropriate than written communication for Matthew to use in this situation?
A. Oral communication becomes a permanent record that can be saved. B. Oral communication provides more time to analyze the message than written communication. C. Oral communication can be revised several times before being sent. D. Oral communication provides no opportunity for questions to be asked and answered. E. Oral communication is more persuasive than written communication.