A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for $12,000 and paid $770 for the freight-in. The company sold the whole lot to a supermarket chain for $13,000 on account
The company uses the specific-identification method of inventory costing. Which of the following entries correctly records the cost of goods sold?
A)
Cost of Goods Sold 12,770
Merchandise Inventory 12,770
B)
Merchandise Inventory 12,770
Cost of Goods Sold 12,770
C)
Cost of Goods Sold 12,000
Sales Revenue 12,000
D)
Cost of Goods Sold 12,000
Merchandise Inventory 12,000
A
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Because the market equity beta reflects the level of operating leverage, financial leverage, variability of sales, and other characteristics of a firm, there are situations where an analyst might have to adjust the beta because of changes in the capital structure. A situation that might require an analyst to estimate a new levered beta is a ___________________________________
Fill in the blank(s) with correct word
On January 2, 20x5, Preston Corporation issued 20-year bonds payable with a face value of $300,000 and a face interest rate of 8 percent. The bonds were issued to yield a market interest rate of 9 percent. Interest is payable semi-annually on January 1 and July 1. In calculating the present value of the bond issue of January 2, 20x5, the periodic interest payments to be used are
A) $24,000. B) $12,000. C) $27,000. D) $13,500.
When you quote information, you must be careful not to ____________ the content or the intent of the original passage
a. introduce b. misrepresent c. evaluate d. contextualize
When clustering only by dummy variables that represent categorical variables, the simplest measure of similarity between two observations is called the
A. matching coefficient. B. Jaccard's coefficient. C. Euclidean distance. D. antecedent.