You Isolate a Cell with the Following Characteristics: (1)no Nucleus,(2)only

question 47

Multiple Choice

You isolate a cell with the following characteristics: (1) no nucleus,(2) only a single type of organelle,and (3) 2 μm in size.This cell could be a/an:

• A)bacterium.
• B)plant cell.
• C)animal cell.
• D)bacterial cell or a plant cell.
• E)plant cell or an animal cell.

Differentiate between the periodic and perpetual inventory systems and understand the impact on accounting records.

Describe the operating cycle for a merchandiser with credit sales.

Identify and explain the terms FOB shipping point and FOB destination and their impact on inventory accounting.

Understand and prepare closing entries for a merchandising company and how they differ from those of a service company.

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Definitions:

Capital Goods

Long-lasting tangible items that businesses use to produce goods or services, such as machinery, buildings, and equipment.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in processes, products, or services.

Production Inefficiencies

Situations where resources are not used in the most productive way, leading to wastage and a lower output than potentially achievable.

Technological Breakthrough

A significant advancement in technology that dramatically changes the production process or market for goods and services, often leading to efficiency improvements and new opportunities.