Quan uses a periodic inventory system. At the end of April, Quan had 20 units on hand. April 1 On hand, 10 units @ $2 each $ 20 19 Purchased 90 units @ $3 each 270 Goods available for sale $290 If Quan, Inc uses FIFO inventory costing, how much is cost of goods sold for April?
a. $250
b. $232
c. $230
d. $240
c
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Stock Dividends Distributable is reported as an addition to common stock in the stockholders' equity section of the balance sheet
a. True b. False Indicate whether the statement is true or false
You friend, Edwin Slotkin, has started a new business, but has recently encountered a slight cash flow problem. He obtains a $1,000 loan at 10% per year from a local bank, but would like to ask you about the terms. The bank has deducted the interest in advance and he wants to know if 10% is his effective interest rate. How would you respond in an email?
Charming Charlie's, a fashion accessories retailer, encourages visitors to its stores to "check in" using a smartphone app. In return, customers receive an instant coupon toward that day's purchase. This is an example of
A. social media. B. personal selling. C. advertising. D. mobile marketing. E. online marketing.
Language, whether positive or negative, has little impact on how a message is received.
Answer the following statement true (T) or false (F)