The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later the ending inventory was $40,000. what is the firm's inventory turnover?

Under the modified accrual basis of accounting, revenues cannot be recognized 1. Until cash has been collected 2. Unless they will be collected within 60 days of year-end 3. Until they are subject to accrual 4.

In a market economy a significant change in consumers' desire for product x will: select one: a. alter the profits or losses received by certain firms. b. cause a reallocation of scarce resources. c.

Assume that the custodian of a $450 petty cash fund has $57.10 in coins and currency plus $387.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:a. A debit to Cash for $388.50. b.

Which of the following is an element of related and supporting industries? media exposure of products existence of supplier clusters sophistication of consumers intensity of competition aggregation of markets

Keenan received a number of letters from his constituents complaining that traffic in their city is too congested. He discussed this with Esteban, who researched the traffic patterns the city.

What does "monetary policy" mean? A. Federal Reserve policies on creating new banks B. political policies pursued by the federal government C. actions the Federal Reserve takes to influence the economy D.

What is the meaning of market in economics

If you were a police officer, at night during your shift, you confront a suspicious man walking in an elite neighborhood. You stop to question the man, but he refuses even to give you his name.

The account "Warranty Liability": is adjusted at the end of the year. is credited each time a warranty repair is made. has a year-end credit balance equal to the cost of warranty repairs made during the year. is closed at the end of the year.

What percentage of U. S. households have no access to banking services? A) 8 percent B) 10 percent C) 15 percent D) 50 percent