Partial income statements of Company A and Company B are provided below
Company A
Revenue $80,000
Expenses:
Utilities Expense $5,000
Salaries Expense 15,000
Rent Expense 3,2000
Total Expenses 23,700
Operating Income $56,300
Company B
Revenue $50,000
Cost of Goods Sold:
Beginning Merchandise Inventory $4,000
Purchases and Freight In 23,000
Ending Merchandise Inventory (5,500 )
Cost of Goods Sold 21,500
Gross Profit $28,500
Which of the following statements is true?
A) Company A is a merchandising company.
B) Company B is a manufacturing company.
C) Company A is a manufacturing company.
D) Company A is a service company.
D
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The collection of people, technology, and systems within an organization that has primary responsibility for providing the organization's products or services is ________
What will be an ideal response?
In a matrix of transition probabilities (where i equals the row number and j equals the column number),
A) each number represents the conditional probability of being in state j in the next period given that it is currently in the state of i. B) each number represents the probability that if something is in state i, it will go to state j in the next period. C) the number in row 3, column 3 represents the probability that something will remain in state 3 from one period to the next. D) the probabilities are usually determined empirically. E) All of the above