When Picking Out a Car and Determining Needs Versus Wants,a

question 5

Multiple Choice

When picking out a car and determining needs versus wants,a person should ask him or herself all of the following questions except:

• A)How much cargo do you carry?
• B)Do you want a manual or automatic transmission?
• C)Do you need two-wheel drive,all-wheel drive,or four-wheel drive?
• D)All choices are correct.

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Definitions:

Ending Total Assets

The total value of a company's assets (such as cash, inventory, property, and investments) at the end of an accounting period.

Profit Margin

A financial metric expressed as a percentage that measures the amount of net income earned with each dollar of sales by comparing net income and net sales.

Net Income

The net income that a company earns, calculated by deducting all expenses and taxes from the total revenue.

Net Sales

The total revenue from sales transactions after deducting returns, allowances for damaged or missing goods, and discounts.