When an invoice is created in QuickBooks using the Create Invoices window, QuickBooks:
A. Decreases a Sales account and decreases the Checking account
B. Decreases the Accounts Payable account and increases the Checking account
C. Increases a Sales account and increases the Accounts Receivable account
D. Increases the Accounts Receivable account and increases the Checking account
Answer: C
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Which is NOT a successful strategy when avoiding an answer in negotiations?
A. Ask for clarification: The opponent may reveal the answer sought. B. Answer a different question or ask a question of your own: The opponent may be diverted. C. Make a long speech: The opponent may become confused. D. Give a positive response to a negative question: The opponent will find less fault.
Which of the following is an antitrust statute:
a. the Clayton Act b. the Federal Trade Commission Act c. the Sherman Act d. the Federal Trade Commission Act and the Sherman Act e. the Federal Trade Commission Act and the Sherman Act and the Clayton Act
An ad valorem tariff is:
a. duty or tax levied by a government on an exported good b. flat tax applied to each unit of the product c. a tax imposed by the WTO on category B and E goods d. applied only to such products as weapons, alcohol, and tobacco products e. none of the other choices
Windrose, Inc. uses a periodic inventory system and its inventory records contain the following information: Units Total CostBeginning inventory:600 $1,560 Purchased on May 10800 2,340 Purchased on June 151,000 2,520 Purchased on August 28600 1,980 3,000 $8,400 The company sold 2,000 units during June. There were no additional purchases or sales during the remainder of the year. The company had 1,000 units were in its ending inventory at the end of the year.If Windrose uses the weighted average inventory costing method, what is the cost of its ending inventory? (Round the per unit cost to 2 decimal places and then round your answer to the nearest whole dollar.)
A. $2,800 B. $8,400 C. $5,400 D. $2,730