Which of the Following Is an Example of a Final

question 146

Multiple Choice

Which of the following is an example of a final good or service?

• A)Bricks purchased by a company for constructing houses
• B)Wheat purchased by a bakery
• C)Steel purchased by a company for manufacturing cars
• D)A cup of coffee bought at a restaurant
• E)A used car bought by a person

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Definitions:

Accounts Receivable

Amounts owed to a company by customers for goods or services that have been delivered or used, but not yet paid for.

Net Sales

Total revenue from sales less returns, allowances, and discounts.

Sales Discounts

A reduction in the price of goods or services offered to customers, typically to prompt early payment or bulk purchases.

Sales Returns

Transactions where a buyer returns previously purchased merchandise back to the seller, leading to a refund or credit.