Martha Company had 21,000 units of ending inventory that were recorded at the cost of $7.00 per unit using the FIFO method. The current replacement cost is $4.25 per unit. Which of the following amounts would be reported as ending Merchandise Inventory on the balance sheet using the lower-of-cost-or-market rule?
A) $147,000
B) $236,250
C) $168,000
D) $89,250
D) $89,250
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Answer the following statements true (T) or false (F)
1. The 2010 health care reform legislation requires employers with more than 50 employees to provide health insurance. 2. The Family and Medical Leave Act requires employers to provide 12 weeks of paid leave for medical and family reasons like childbirth or adoption. 3. Title VII of the Civil Rights Act of 1964 applies to all for-profit companies. 4. Antidiscrimination laws do not require employers to extend preferential treatment because of race, color, or religion.
When applying for a service desk position ____.
A. a computer science or MIS degree is a must B. English or communications degrees or technical writing skills are valuable C. one or more technical certifications are mandatory D. a PMP certificate is preferred
Accounting systems are only computerized
Indicate whether the statement is true or false
According to the book, the failure of state socialism has left only one viable economic ideology: ______.
A. marketization B. communism C. capitalism D. planned economy