Exposition, Inc. had 400 units of inventory on hand at the end of the year. These were recorded at a cost of $18 each using the last-in, first-out (LIFO) method. The current replacement cost is $15 per unit. The selling price charged by Exposition, Inc
for each finished product is $26. As a result of recording the adjusting entry as per the lower-of-cost-or-market rule, the gross profit will ________.
A) increase by $6,000
B) decrease by $6,000
C) increase by $1,200
D) decrease by $1,200
D .
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Nikki reflected on last year's one goal that she established for her department-to achieve $1 million in profit. And she required all staff members to establish this same personal goal-and only this goal-for themselves. Looking back a year later, Nikki realized that her dogged pursuit of a "number" caused her department to fall a year behind in training and new business development. Nikki knows that this focus on one dimension of her business cannot be repeated. For the coming year, she must not establish a ________ goal.
A. single productivity B. creativity C. knowledge acquisition D. new projects and business E. specific and challenging
Active bond trading strategies include I. buy and hold. II. trading on forecasted interest rate behavior. III. bond ladders. IV. bond swaps
A) I and III B) II and IV C) I, II and III D) II, III and IV
______ refers to making an ethical issue more visible or salient.
A. Moral sensitivity B. Moral intensity C. Moral focus D. Moral character
Tammy is a general contractor and has submitted two bids for two projects (A and B). The probability of getting project A is 0.65 . The probability of getting project B is 0.77 . The probability of getting at least one of the projects is 0.90
a. What is the probability that she will get both projects? b. Are the events of getting the two projects mutually exclusive? Explain, using probabilities. c. Are the two events independent? Explain, using probabilities.