11. For a pharmacy, where does the vast majority of accounts payable come from?

Group of answer choices

Pharmacy's purchase of prescription drugs and OTC drugs from a

wholesalers/manufacturers

Pharmacy's credit sales

Pharmacy's mortages due by the current fiscal year

12. The net value of noncurrent assets = purchasing price of the assets - accumulated

depreciation

Group of answer choices

True

False

13. In recent decades, pharmacists are more likely to work for large organizations, such

as hospital, chain pharmacies, and managed-care pharmacies. Therefore, the need for

pharmacy managers has decreased.

Group of answer choices

True

False

14. Which of the following is not a reason why financial statement facilitates decision

making?

Group of answer choices

a. Financial statements aid decision makers by reporting the results of past decisions

b. Financial statements keep track of a range of financial items such as cash, debts, and

assets.

c. Financial statements provide decision makers present financial status of the business

d. Financial statements provide decision makers information related to patient clinical

outcomes

15. Which of the following is not true about accounts payable and current or short-term

notes payable?

Group of answer choices

a. They are both current Liabilities

b. For a pharmacy, the vast majority of accounts payable comes from the purchase of

supplies inventory

c. Notes payable arise when the pharmacy borrows money

d. When a pharmacy gets a short-term loan from a bank, a promissory note is signed.

The pharmacy needs to pay interests in this case