A retail store had goods available for sale during the period of $250,000 at retail and $100,000 at cost. It has ending inventory of $28,500 at retail. What is the estimated cost of goods sold?
A) $71,500
B) $94,300
C) $88,600
D) $82,900
C
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A food court is an example of utilizing the principle of cumulative attraction.
Answer the following statement true (T) or false (F)
Which of the following statements best describes the effects of recognizing revenue earned by a business entity?
A) Assets increase only when cash sales are collected. B) Stockholders' equity increases only when credit sales are made. C) Assets and stockholders' equity increase when either cash or credit sales are made. D) Assets increase and stockholders' equity decreases when either cash or credit sales are made.
External proposals are written to sell a new service or product to an audience outside your company
Indicate whether this statement is true or false.
Availability is related to ______.
a. reliability only b. maintainability only c. reliability and maintainability d. redundancy and reliability