会计与财务管理专业英语答案2023

第六章测试

1.A company has $550,000 in net sales and $193,000 in gross profit. This means its cost of goods sold equals ( ).
A:$743,000
B:$357,000
C:$550,000
D:$193,000

答案:B
2.A company purchased $4,500 of merchandise on May 1 with terms of 2/10, n/30. On May 8, it paid the balance owed for merchandise, taking any discount it is entitled to. The cash paid on May 8 is ( ).
A:$4,200
B:$4,165
C:$4,410
D:$4,500
3.For each statement below, identify which statement applies to the periodic inventory system. ( )
A:Achieve better control over merchandise inventory.
B:Use bar codes to keep up-to-the-minute records of inventory.
C:Require a physical count of inventory to determine the quantities on hand.
D:Be normally used for relatively inexpensive goods.
E:Keep a running computerized record of merchandise inventory.
4.Which of the following statement is true? （ ）
A:Sales revenue + Cost of goods sold = Gross profit.
B:Sales revenue + Gross profit= Cost of goods sale.
C:Gross profit−Cost of goods sold= Sales revenue.
D:Gross profit = Sales revenue−Cost of goods sold.
5.When the perpetual inventory system is used, the inventory sold is debited to （ ）.
A:merchandise inventory
B:cost of merchandise
C:supplies expense
D:sales