Liquids Which Are Capable of Mixing and Forming a Solution

question 96

Multiple Choice

Liquids which are capable of mixing and forming a solution are

• A)unsaturated.
• B)dilute.
• C)miscible.
• D)immiscible.

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Definitions:

Gross Profit

The income a business earns after subtracting the expenses involved in producing and selling its goods or delivering its services.

FOB Shipping Point

A term indicating that the buyer assumes responsibility for the goods once they are shipped by the seller; the buyer pays for shipping costs.

Physical Count

A method of inventory verification where actual items are counted to match the inventory records.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases less the cost of goods sold.