A retailer's cost of goods sold during the year equals $750,000 and its average inventory on hand (at cost) equals $375,000 . Its annual rate of stock turnover equals 2

What type of business tends to be labor intensive, relying more on human resources than material resources?

A) goods producing B) service C) not-for-profit D) competitively disadvantaged E) manufacturing

The principal difference between depreciation expense and most other types of expenses is that

A) depreciation expense can be avoided if the asset is worth at least what the company paid for it. B) depreciation expense requires an annual outlay of cash. C) the total amount of depreciation expense for the asset is reported on the balance sheet. D) depreciation expense is subject to more precise measurement than most other expenses.