106. BetterBuy purchases computers from companies like Hewlett-Packard packages and IBM and sells them to consumers. BetterBuy is a:

& questions 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117

106. Better Buy purchases computers from companies like Hewlett Packard and IBM and sells them te to consumers. BetterBuy is a: A. merchandising company at the retail level. B. service company. C. merchandising company at the wholesale level. D. manufacturer. 107. Which of the following is an activity common to the operations of me and service companies? A. Producing the product. B. Incurring operating expenses. C. Buying goods or raw materials. D. Selling the good or physical product 108. The receipt of cash is one of the operating activities of A. companies that sell goods but not companies that sell services. B. companies that sell to consumers but do not sell to other companies. C. merchandising, manufacturing, and service companies. D. companies that sell goods they bought from others but not of companies that make the goods they sell. 109. Businesses need to control their day-to-day operations in order A. sales are not lost because desired goods are not in stock. B. money is not tied up in excessive inventory C. the loss of inventory and cash to theft is minimized. D. all of these. to ensure that 110. Your company writes a check for $857. Which of the following describes how this transaction should be accounted for? A. You add $857 to your recorded cash balance and the bank deducts $857 from your checking account balance. B. You deduct $857 from your recorded cash balance and the bank deducts $857 from your checking account balance. C. You add $857 to your recorded cash balance and the bank adds $857 to your checking account balance D. You deduct $857 from your recorded cash balance and the bank adds $857 to your checking account balance