Tenure Company's accounting records indicated the following information: Inventory, 1/1/2014..................................... 1,000,000 Purchases during 2014................................. 5,000,000 Sales during 2014 ..................................... 6,400,000 A physical inventory taken on December 31 . 2014, revealed actual ending inventory at cost was $1,150,000 . Tenure's gross
profit on sales has regularly been about 25 percent in recent years. The company believes some inventory may have been stolen during the year. What is the estimated amount of missing inventory at December 31 . 2014?
a. $50,000
b. $200,000
c. $350,000
d. $450,000
A
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In a business combination, goodwill is defined as the excess of cost over the
a. net book value of assets acquired. b. fair value of assets acquired. c. book value of assets acquired less the liabilities assumed. d. fair value of assets acquired less the liabilities assumed.
________ is the idea that we learn by observing the link between our voluntary behavior and the consequences that follow it.
A. Social identity theory B. Selective perception C. Learning orientation D. Contingencies of reinforcement E. Operant conditioning
Lucent TechnologiesBecause AT&T Corporation wanted to become a big player in the booming market for outsourcing computer services, it set up Lucent Technologies to manage corporate clients' worldwide computer networks. Lucent Technologies assists corporations in global network and computer management by drawing on AT&T's worldwide digital network and its computer hardware and software businesses. It also relies on the expertise of technicians at Bell Laboratories.Refer to Lucent Technologies. Consumers utilizing the First National Bank of Chicago to purchase U.S. Treasury bonds will affect the demand for and use of the AT&T network computer system capabilities. This is called:
A. joint demand B. inelastic demand C. derived demand D. fluctuating demand E. elastic demand
You may choose married filing jointly as your filing status if you are married and both you and your spouse agree to file a joint return. Which of the following facts would prevent you from being considered married for filing purposes?
A. Your spouse died during the year. B. You are married but living apart until some problems can be solved. C. You were married for several years, but your divorce became final in December. D. None of the above.