Key words impart _______________

a. the central message
b. questions to be asked
c. background information
d. organizational schemes

a

Business

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A company purchases a widget for $10 on June 1. They purchase a second widget for $20 on July 15. On August 1, they sell one widget for $50. What is their gross profit if they use LIFO?

A. $50 B. $40 C. $30 D. $25

Business

Which of the following can be exchanged for cash by merely having possession of the instrument?

A) a certificate of deposit B) an allonge C) an order instrument D) a bearer instrument

Business