Companies that purchase inventories that are primarily in finished form for resale to customers are known as:
A. Manufacturing companies.
B. Service companies.
C. Delivering companies.
D. Merchandising companies.
Answer: D
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In determining the sample size for a test of controls, an auditor should consider the expected population deviation rate, desired confidence level, and the:
A. tolerable deviation rate. B. population size. C. risk of incorrect acceptance. D. nature and cause of deviations.
They agreed to admit Ramelow into the business for a one-third interest in the new partnership. Ramelow contributes $22,000 cash in exchange for the partnership interest. Assume that Floyd and Merriam shared profits and losses equally before the admission of Ramelow. Which of the following is the correct journal entry to record the above admission?
Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows:
Which of the following is NOT an example of a broad marketing objective?
A) to build awareness of a product or service B) to increase a company's investment in a product C) to increase a product's market share D) to increase sales of a service E) to reduce resistance to a product or service
In order to model a "prohibited route" in a transportation or transshipment problem, the cost assigned to the route should be ________
Fill in the blank with correct word.