Identify the formula for the rate of return on investment
A) Invested Assets/Income From Operations
B) Sales/Invested Assets
C) Income From Operations/Sales
D) Income From Operations/Invested Assets
D
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The cost method of accounting requires that the cost of each item be coded on a price tag or merchandise container
Indicate whether the statement is true or false
Mason Cabinet Company sells standard kitchen cabinets
The following information summarizes Mason's operating activities for the year: Selling and Administrative Expenses $42,750 Purchases 85,700 Sales Revenue 154,500 Merchandise Inventory, January 1 12,500 Merchandise Inventory, December 31 16,200 Mason sold 950 cabinets during the year. Calculate the operating income for the year. Compute the unit cost for one cabinet (Round to two decimal places.) What will be an ideal response
An office manager needs office supplies, so he fills out a form indicating what he needs and sends it to the purchasing department to be ordered. This form is usually called a(n)
A. vendor analysis. B. buying center request. C. adoption process. D. requisition. E. purchase order.
Green Grocers, Inc., enters into a contract with Hiway Transport Company for the delivery of a shipment of fresh produce. In a later dispute between these parties over the delivery, the doctrine of quasi contract cannot be used because
A. both of the parties involved are businesses. B. at least one of the parties had greater bargaining power. C. the subject of the contract was a service. D. there is an actual contract covering the subject in dispute.