Critical Thinking Questions Case 1-1 You Are the Manager of the Sales

question 64

Multiple Choice

Critical Thinking Questions Case 1-1 You are the manager of the Sales department for a local clothing store that has three locations. You have prepared a worksheet containing data about the sales figures for the company, which also has a chart to illustrate of the data. You want to use a shape style to change the look of your chart, but first you want see a Live Preview of how it will look. What do you do with the pointer to see a Live Preview?

• A) Hover the pointer over the shape style.
• B) Double-click the shape style.
• C) Right-click the shape style.
• D) Triple-click the shape style.

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Definitions:

Deferred Gross Profit

The portion of gross profit on installment sales that is not recognized immediately but is deferred until cash is received.

Cost Recovery Method

An accounting method where profits are not recognized until all the costs of the goods sold are recovered.

Sales Price

The amount of money for which a product is sold to customers.

Transfer of Risks

The process in contracts where the risk of loss or damage to goods passes from the seller to the buyer.