Which of the following is considered tangible personal property?

Managers should think in terms of unit costs rather than terms of total costs for many decisions

Indicate whether the statement is true or false

The cost of merchandise sold during the year was $50,000. Merchandise inventories were $12,500 and $10,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $5,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total

A) $49,000 B) $47,000 C) $51,000 D) $53,000