An office supply store can buy an office chair for $30. If the store owner sells the office chair for $45, what is the markup based on the selling price?

What type of account is Cost of Goods Sold?

A. Expense Account B. Revenue Account C. Asset Account D. Contra-Revenue Account

Purchasing a car is a big decision. Therefore you should not

A) use the Internet to price shop. B) read Consumer Reports to find a good car value. C) ask a friend or relative to go with you to the car lot. D) rely on the dealer personnel as the best source of expert advice.