Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales:January 1150 units were purchased at $9 per unit.January 17120 units were sold.January 20160 units were purchased at $11 per unit.January 29150 units were sold. What is the value of ending inventory?
A. $2,670.
B. $2,730.
C. $440.
D. $360.
E. $2,750.
Answer: D
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The synopsis of a formal report is
A) a concise overview of the report's most important points. B) a short summary containing subheadings and visual aids. C) usually anywhere from two to five pages. D) never more than five lines in length. E) never longer than a single sentence.
On-time delivery and elapsed time between customer order and product delivery should not enter into the process of developing cost standards
Indicate whether the statement is true or false
Omar and Penn agree to develop a certain area of real estate. Environmental concerns force them to change their plans. The best method for Omar and Penn to discharge their contract by executing a new agreement with different performance is A) an agreement to rescind
B) an accord and satisfaction. C) a novation. D) an alteration of the original contract.
Acme, Inc. is considering a four-year project that has an initial outlay or cost of $80,000. The respective future cash inflows for years 1, 2, 3 and 4 are: $40,000, $40,000, $30,000 and $30,000
Acme uses the discounted payback period method and has a discount rate of 12%. Will Acme accept the project if it's payback period is two and one-half years? What will be an ideal response?