A company had net sales of $29,700 and ending accounts receivable of $4,500 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) a. 6.60 days
b. 66.50 days.
c. 47.30 days.
d. 55.30 days
e. 70.60 days.

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Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right