TB MC Qu. 05-79 (Static) Quick assets are defined as: 27 Quick assets are defined as 5 Doint Multiple Choice 80046.19 Cash, short-term investments, and accounts payable Cosh short-term investments, and current receivables Cash inventory, and current receivables Cosh, noncurrent receivables, and prepaid expenses Accounts receivable, inventory, and prepeld expenses TB MC Qu. 05-92 (Static) A company purchased 28 A company purchased $2.000 of merchandisest 15 with term. On Aug 200 m equals 5 DO Moe Coce 2000 o o SUO . 31 SGO TB MC Qu. 05-67 (Static) A merchandiser: 29 A merchandiser 5 points Multiple Choice 8 00:45:24 Earns net income by buying and selling merchandise Receives fees only in exchange for services Eorns profit from commissions only Earns profit from fores only Buys products from consumers TB MC Qu. 05-68 (Static) Cost of goods sold: 30 Cost of goods sold: 5 points 8 Multiple Choice 00:45:13 is another term for merchandise sales. Is the term used for the expense of buying and preparing merchandise for sale. Is another term for revenue Is also called gross margin Is a term only used by service forms