Always ask as many questions as it takes to understand the full scope of the issue and then when the facts are gathered, tell the consumer what steps you plan to take to solve the problem.
Answer the following statement true (T) or false (F)
True
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Use this information to answer the following question. Dec. 1 Inventory 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30 units @ $4.20 25 Purchase 45 units @ $4.80 Total sales 100 units Assuming that the specific identification method is used
and that ending inventory consists of 15 units from each of the three purchases and five units from the January 1 inventory, cost of goods sold is A) $221. B) $418. C) $338. D) $445.
A business has the following transactions:
" ¢ The business receives $25,000 cash and issues common stock to stockholders. " ¢ The business purchases $800 of office supplies on account. " ¢ The business purchases $4,000 of furniture on account • The business renders services to various clients totaling $17,000 on account. • The business pays $2,000 for salaries expense and $5,000 for rent expense. • The business pays $800 to a supplier for the office supplies purchased earlier. • The business collects $3,000 from one of its clients for services rendered earlier in the month. At the end of the month, all journal entries are posted to the ledger. Accounts Receivable will appear as which of the following? A) B) C) D)
If you were interested in minimizing the average number of items inspected, which type of sampling plan would you choose? Why?
What will be an ideal response?
The beginning-of-the-year prices for a pair of boots are $50 in the United States and ¥8,000 in Japan
We know that prices in the United States and Japan will change over the coming year due to inflation. If we assume that inflation in the United States (our home country, infh) will be 5% and inflation in Japan will be 6% (our foreign country, inff), what will the price of the boots be at the end of the year? A) The U.S. boot price is $52.50 and the Japanese boot price is ¥8,480. B) The U.S. boot price is $52.50 and the Japanese boot price is ¥8,240.20. C) The U.S. boot price is $52 and the Japanese boot price is ¥8,240.50. D) The U.S. boot price is $52 and the Japanese boot price is ¥8,480.