Suppose We Represent Earth with a Basketball

question 113

Multiple Choice

Suppose we represent Earth with a basketball.On this scale,most of the air in Earth's atmosphere would fit in a layer that is

• A)about the thickness of a sheet of paper.
• B)about an inch thick.
• C)about 6 inches thick.
• D)about a half-inch thick.

---

Definitions:

Finished Goods Inventory

Products that have completed the manufacturing process and are ready to be sold to customers.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, such as utilities, maintenance, and factory management salaries.

Raw Materials Inventory

Raw materials inventory consists of the basic materials and components a company holds that will be used in the production process to create finished goods.

Balance Sheet

A statement, as of a particular date, that shows the amount of assets owned by a business as well as the amount of claims (liabilities and owner’s equity) against these assets. Also known as statement of financial position.