Acceptable methods of assigning specific costs to inventory and cost of goods sold include all of the following except:
A. LIFO method.
B. Weighted average method.
C. Retail method.
D. Specific identification method.
E. FIFO method.
Answer: C
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a) Competitive advantage b) Unwelcome shock c) Sushi d) None of the above
Which of the following will NOT end an offer to sell a car?
A) The offeror dies. B) The notice says the offer is open for two weeks and the two weeks expire. C) A counter-offer is made D) The car is destroyed in a car accident E) All of these events can end an offer to sell a car
A technique that provides an analyst with the information concerning the proportion of each type of account that has been outstanding for a specified period of time is called ________
A) credit analysis B) credit scoring C) aging of receivables D) the economic order quantity model
Each of the following causes a cash flow problem except
A. a large proportion of credit sales. B. embezzlement of company funds. C. unexpected slow selling seasons. D. slow-paying customers. E. customers who pay early.