ACCT212 Week 4 Quiz Latest 2017
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ACCT212 Week 4 Quiz Latest 2017 ACCT212 Week 4 Quiz Latest 2017 (Verified Answe 3
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Question 1
3 / 3 pts
(TCO 4) The cost of the inventory that the business has sold to customers is called
inventory.
cost of goods sold.
purchases.
gross profit.
Question 2
3 / 3 pts
(TCO 4) Another term for gross profit is
gross income.
gross sales.
gross margin.
gross operating income.
Question 3
3 / 3 pts
(TCO 4) A small _____ would most likely use a perpetual inventory system.
automobile dealership
fabric store
restaurant
flower shop
Question 4
3 / 3 pts
(TCO 4) All of the following costs wou...
- Exam (elaborations)
- • 4 pages's •
-
ACCT212 Week 4 Quiz Latest 2017•ACCT212 Week 4 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1
3 / 3 pts
(TCO 4) The cost of the inventory that the business has sold to customers is called
inventory.
cost of goods sold.
purchases.
gross profit.
Question 2
3 / 3 pts
(TCO 4) Another term for gross profit is
gross income.
gross sales.
gross margin.
gross operating income.
Question 3
3 / 3 pts
(TCO 4) A small _____ would most likely use a perpetual inventory system.
automobile dealership
fabric store
restaurant
flower shop
Question 4
3 / 3 pts
(TCO 4) All of the following costs wou...
Question 1
3 / 3 pts
(TCO 4) The cost of the inventory that the business has sold to customers is called
inventory.
cost of goods sold.
purchases.
gross profit.
Question 2
3 / 3 pts
(TCO 4) Another term for gross profit is
gross income.
gross sales.
gross margin.
gross operating income.
Question 3
3 / 3 pts
(TCO 4) A small _____ would most likely use a perpetual inventory system.
automobile dealership
fabric store
restaurant
flower shop
Question 4
3 / 3 pts
(TCO 4) All of the following costs wou...
- Exam (elaborations)
- • 4 pages's •
-
ACCT212 Week 4 Quiz Latest 2017•ACCT212 Week 4 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1
3 / 3 pts
(TCO 4) The cost of the inventory that the business has sold to customers is called
inventory.
cost of goods sold.
purchases.
gross profit.
Question 2
3 / 3 pts
(TCO 4) Another term for gross profit is
gross income.
gross sales.
gross margin.
gross operating income.
Question 3
3 / 3 pts
(TCO 4) A small _____ would most likely use a perpetual inventory system.
automobile dealership
fabric store
restaurant
flower shop
Question 4
3 / 3 pts
(TCO 4) All of the following costs wou...
Question 1
3 / 3 pts
(TCO 4) The cost of the inventory that the business has sold to customers is called
inventory.
cost of goods sold.
purchases.
gross profit.
Question 2
3 / 3 pts
(TCO 4) Another term for gross profit is
gross income.
gross sales.
gross margin.
gross operating income.
Question 3
3 / 3 pts
(TCO 4) A small _____ would most likely use a perpetual inventory system.
automobile dealership
fabric store
restaurant
flower shop
Question 4
3 / 3 pts
(TCO 4) All of the following costs wou...
- Exam (elaborations)
- • 4 pages's •
-
ACCT212 Week 4 Quiz Latest 2017•ACCT212 Week 4 Quiz Latest 2017
Preview 1 out of 4 pages
Question 1
3 / 3 pts
(TCO 4) The cost of the inventory that the business has sold to customers is called
inventory.
cost of goods sold.
purchases.
gross profit.
Question 2
3 / 3 pts
(TCO 4) Another term for gross profit is
gross income.
gross sales.
gross margin.
gross operating income.
Question 3
3 / 3 pts
(TCO 4) A small _____ would most likely use a perpetual inventory system.
automobile dealership
fabric store
restaurant
flower shop
Question 4
3 / 3 pts
(TCO 4) All of the following costs wou...