Cost of sales is calculated by:
A) adding the cost of inventory on hand at the start of the period minus the cost of any purchases of materials during the year and then subtract the cost of ending inventory.
B) adding the cost of the inventory at the start of the period plus the cost of any purchases of materials during the year and then subtract the cost of the ending inventory.
C) adding the cost of the inventory on hand at the start of the period plus the cost of any purchases of materials during the year and then add the cost of the ending inventory.
D) adding the cost of the inventory on hand at the end of the period plus the cost of any purchases of materials during the year and then subtract the costs of the beginning inventory.
B
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Guestroom maintenance is a form of ____ maintenance
a. contract b. predictive c. preventive d. productive
Which one of the following statements is correct concerning bond investors?
A) Aggressive investors want to lock in high interest rates. B) Aggressive investors purchase bonds when they believe interest rates will rise. C) Conservative investors seek capital gains. D) Conservative investors buy bonds when interest rates are high.