Profits are easements with a right of removal
Indicate whether the statement is true or false
True
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Thompson, Inc. purchased raw materials for $6,000 and $25,000 for cash and on account, respectively.
Provide the journal entry to record the purchase of raw materials. Process costing is used.
An employee who earns $1.25 per unit has assembled 455 units this pay period. What are the gross earnings of this employee?
a. $568.00 b. $568.75 c. $5,687.50 d. $5,687.00 e. None of the above
Alexis must proofread a complex business document. What is the best advice you can give her?
A) Proofread the document on your computer screen to save paper. B) Be prepared to find errors. C) Read the document just once to save time. D) Alexis should do all of these.
Small businesses account for ________ of the gross domestic product (GDP).
A. 68 percent B. 44 percent C. 82 percent D. 21 percent E. 32 percent