Answer:
B. production
Explanation:
Merchandise inventory refers to the finished and available goods the business has for sale. For a manufacturing firm, merchandise inventory will mean the goods that have completed the manufacturing process and are awaiting sales. In the books of accounts, merchandise inventory is accounted for as current assets.
The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.
Answer:
A dollar tomorrow is worth less than a dollar today, because if you invest the dollar you have today, you'll have more than a dollar tomorrow.
Answer:
The answer is: B) Extended warranties on electronic products
Explanation:
A performance obligation is a promise to deliver a product or provide a service.
A quality assurance is not considered to be a performance obligation, but service type warranties (including extended warranties) are usually considered performance obligations.
Answer:
Price Level is B. The average level of prices
Explanation:
Price level is the average of current prices across the entire spectrum of goods and services produced in the economy.
Price level refers to the price or cost of a good, service, or security in the economy.
Reference: Kenton, Will. “Reading Into Price Levels.” Investopedia, Investopedia, 27 Sept. 2019