When the Sequencer Shown Is Functioning, the Circuit Increments Automatically

question 17

Multiple Choice

When the sequencer shown is functioning, the circuit increments automatically through the ____ steps of the sequencer at ____ intervals.

• A)five, 3 second
• B)six, 3 second
• C)five, 3 minute
• D)six, 3 minute

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Definitions:

Cost of Goods Sold

Financial expenditures directly associated with producing the merchandise a company sells, involving costs of materials and labor.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.

Unadjusted Trial Balance

A list of all the accounts and their balances from the general ledger before any adjusting entries are made.

Gross Profit

The difference between sales and the cost of goods sold.