Sullivan Company uses the periodic inventory system. The following balances were drawn from the accounts of Sullivan Company prior to the closing process: Sales revenue$24,000 Beginning inventory balance 6,400 Purchases 16,000 Transportation-in 800 Transportation-out 1,200 Purchase discounts 400 Ending inventory balance 7,200 What is the gross margin that will be shown on the income statement?
A. $15,600
B. $7,200
C. $18,400
D. $8,400
Answer: D
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________ is the knowing component of attitudes. It is the beliefs or knowledge a person has about a product and its important characteristics
A) Affect B) Cognition C) Behavior D) Motivation E) Personality
A customer who fails to report a forged signature within thirty days from the date that the bank statement showing the item was made available for inspection loses the legal right to have the bank recredit his or her account
Indicate whether the statement is true or false
Rivero Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes.??Fixed Element per MonthVariable Element per Container Refurbished?Revenue?$5,700?Employee salaries and wages$48,300$900?Refurbishing materials?$700?Other expenses$36,300?When the company prepared its planning budget at the beginning of September, it assumed that 22 containers would have been refurbished.Required:Prepare the company's planning budget for September.
What will be an ideal response?
Knowledge management uses knowledge
A) for the sake of individual learning. B) to improve the functioning of an organization. C) to encourage the exchange of information between businesses. D) to promote e-learning.