A company's inventory records report the following in November of the current year: BeginningNovember 15 units @ $13PurchaseNovember 210 units @ $15PurchaseNovember 126 units @ $17 On November 8, it sold 12 units for $43 each. Using the perpetual LIFO inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?
A. $317
B. $270
C. $266
D. $234
E. $176
Answer: E
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The .edu portion of an e-mail address MirandaThomas@newhampshireu.edu is considered the ______.
a. top-level domain b. domain name c. username d. low-level domain
Which of the following statements is CORRECT?
A. As the stock's price rises, the time value portion of an option on a stock increases because the difference between the price of the stock and the fixed strike price increases. B. Issuing options provides companies with a low cost method of raising capital. C. The market value of an option depends in part on the option's time to maturity and also on the variability of the underlying stock's price. D. The potential loss on an option decreases as the option sells at higher and higher prices because the profit margin gets bigger. E. An option's value is determined by its exercise value, which is the market price of the stock less its striking price. Thus, an option can't sell for more than its exercise value.
The periodic inventory records of Witte Veterinary Supply indicate the following for the month of
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Dirk Dauber thought about murdering his wife, Lynda, so he could inherit her money. Over a period of time, he developed and refined an elaborate scheme to commit the murder. He even wrote a step-by-step plan that he kept in his computer. Lynda found the files during a routine inspection of his files. Is he guilty of any crime?
a. Saving the computer files comprises the wrongful (and stupid) act and he is guilty of attempted murder. b. In the absence of any open, outward, manifested act, he had not yet committed a crime. c. He is guilty of the new felony — abuse of computer files in the second degree — when he recorded his base human thoughts to possible artificial intelligence. d. He would be guilty, but Lynda's acts were an unlawful search and seizure.