If Your Pointer Changes to a Hand with a Pointing

question 69

True/False

If your pointer changes to a hand with a pointing finger when you hover it over text or an image on a Web page, that text or image is a link.

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Definitions:

Beginning Inventory

The value of all inventory held by a company at the start of an accounting period.

Merchandise Inventory

Goods that a retail or wholesale company intends to sell to customers for a profit, listed as a current asset on the balance sheet.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within a year or the operating cycle, whichever is longer.

Gross Margin Ratio

A fiscal gauge that assesses the amount of profit remaining from sales once the expenses for producing the goods have been subtracted.