A company's inventory records report the following: August 1Beginning balance15 units @ $12August 5Purchase10 units @ $13August 12Purchase20 units @ $14On August 15, it sold 30 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale?
A. $590
B. $160
C. $140
D. $380
E. $210
Answer: E
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A. is a company outside a company that is created specifically to respond to an exceptional market opportunity B. assembles portions of product provided by outside contractors C. is an organization whose members are geographically apart, usually working via e-mail D. has a central core of key functions and outsources production E. consists of a company with many divisions
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For which measurement scale must the change in the attribute measured among assigned numbers be equal?
a. Interval scale b. Ratio scale c. Ordinal scale d. Both a and b
The effect of an annual out-of-pocket limit in an individual medical expense policy is to
A) limit the lifetime benefits payable under the policy. B) put a cap on annual benefits the insurer will pay. C) prevent the insured from receiving duplicate benefits if medical expenses are also covered under workers compensation insurance. D) cover 100 percent of eligible medical expenses after an insured has incurred a specified amount of annual out-of-pocket expenses.