[The following information applies to the questions displayed below.] A company's chart of accounts includes, in part, the following account numbers and corresponding account titles:Account No.Account Title(1)Cash(2)Merchandise inventory(3)Cost of goods sold(4)Transportation-out(5)Dividends(6)Common stock(7)Selling expense(8)Loss on the sale of land(9)SalesWhich accounts would affect gross margin?
A. Account numbers 2 and 9
B. Account numbers 3, 4, 7, and 9
C. Account numbers 3 and 9
D. Account numbers 3, 7, 8, and 9
Answer: C
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A company's collective bargaining agreement has expired and negotiations are underway for a new one. After one exhausting session, union leaders have decided management will not bargain in good faith. The union declares it will be going out on strike the following midnight if an agreement is not reached. The union:
a. is allowed to go out on strike the following midnight. b. must give the employer at least seven days' notice before going out on strike. c. must give the employer at least 30 days' notice before going out on strike. d. must give the employer at least 60 days' notice before going out on strike.
Inputs to a production system that do not have market prices are those held in the ________
Fill in the blanks with correct word
Gormath Inc., a shoe manufacturing company, employs 750 workers to create handcrafted shoes. In the context of factors of production, the employees of Gormath Inc. can be classified as _____.
A. human resources B. entrepreneurs C. capital D. natural resources
This bidding process is often termed ________ bidding because suppliers can bid in ways that emphasize their strengths
a. Co-operational b. Expressive c. Flexible d. Conditional