________ and interim reports describe the status of continuing projects
Fill in the blank(s) with correct word
Progress
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A company, using the periodic inventory system, has merchandise inventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is
A) $970 B) $650 C) $300 D) $620
If a company did not extend credit to customers:
A. gross profit would increase. B. gross revenue would increase. C. costs would increase but so would sales revenue. D. costs would decrease but so would sales revenue.
Deer currently manufactures a subcomponent that is used in its main product. A supplier has offered to supply all the subcomponents needed at a price of $12. Deer currently produces 80,000 subcomponents at the following manufacturing costs: Per unitDirect materials $4.50Direct labor 3.00Variable manufacturing overhead 3.50Fixed manufacturing overhead 2.50Unit cost $13.50a. If Deer has no alternative uses for the manufacturing capacity, what would be the profit impact of buying the subcomponents from the supplier?b. If Deer has no alternative uses for the manufacturing capacity, what would be the maximum price per unit they would be willing to pay the supplier?c. Now assume Deer would avoid $120,000 in equipment leases and salaries if the subcomponent were purchased from
the supplier. Now what would be the profit impact of buying from the supplier? What will be an ideal response?
Which sentence is expressed correctly?
A) The word tweep, which is defined as "a person who uses the Twitter online message service to send and receive tweets," was recently added to the "Merriam-Webster Dictionary." B) The word "tweep," which is defined as "a person who uses the Twitter online message service to send and receive tweets," was recently added to the "Merriam-Webster Dictionary." C) The word tweep, which is defined as "a person who uses the Twitter online message service to send and receive tweets," was recently added to the Merriam-Webster Dictionary.