Which of the Following Is Correct

question 1

Multiple Choice

Which of the following is correct?

• A) consolidating shipments reduces billing and collecting costs
• B) line haul cost per hundredweight can be reduced by increasing the weight shipped
• C) shipping costs will be higher with common carriers than contract carriers
• D) all of the above
• E) none of the above.

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Definitions:

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company assets.

Drawing

An account used to record the funds withdrawn from a business by its owner for personal use, reducing the owner's equity.

Owner's Equity

Owner's equity represents the owner's claims to the assets of a business after all liabilities have been subtracted.

Consuming Services

Refers to the use of services by individuals or companies leading to their consumption or depletion over time.