The cost of the goods that a company sold during a period is shown in its financial statements as ________ and the cost of the goods that a company still has on hand at the end of the year is shown in the financial statements as ________.
A. Cost of goods sold; inventory
B. Inventory; cost of goods sold
C. Goods on hand; inventory expense
D. Sales revenue; cost of goods sold
Answer: A
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Which of the following is a basis for soft power?
a. coercive b. legitimate c. personal d. reward
Explain the various problems associated with workplace health and safety as a market controlled approach.
What will be an ideal response?
In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the cost of Phosphate Max used by John?
A. $32.85 B. $43.20 C. $37.65 D. $26.45
Beginning inventory plus net purchases is:
A. Cost of goods sold. B. Shown on the balance sheet. C. Merchandise (goods) available for sale. D. Ending inventory. E. Sales.