Which of the following is a period cost for a manufacturing company?

A) office rent
B) wages of factory janitor
C) insurance cost of production equipment
D) raw materials

A

Business

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Trade accounts receivable are valued and reported on the balance sheet

A. at net realizable value B. only if they are not past due C. at gross amounts less sales returns and allowances D. in the investment section

Business

Generally speaking, which of the following statements is true concerning product attributes?

A) Tangible product attributes are more important than intangible ones. B) Intangible product attributes are more important than tangible ones. C) Both tangible and intangible product attributes are important. D) Neither tangible nor intangible product attributes are important. E) A product has more attributes than tangible and intangible ones.

Business