Use this information to answer the following question. Beginning inventory 100 units @ $8.00 Purchase-Oct. 200 units @ $6.00 Purchase-Dec. 100 units @ $12.00 A periodic inventory system is used; ending inventory is 147 units. What is ending inventory under FIFO?
A) $1,382
B) $1,582
C) $1,282
D) $1,482
D
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Regarding the use of blogs in customer service:
A) about 80% of customers read a company's blog. B) blogs are useful for venting and expressing complaints, but rarely for providing service. C) companies should use real-time online conversation and be involved in dialogue with customers. D) although trendy, blogs have little practical application for customer service.
What type of account is increased with a debit but is a decrease to retained earnings?
a. Liability b. Asset c. Revenue d. Expense
A type of unsecured promissory note issued by large, financially strong firms is called:?
A. ?trade credit. B. ?commercial paper. C. ?a compensating balance. D. ?revolving credit. E. ?a promissory note.
A corporation can earn 7.50% if it invests in municipal bonds. The corporation can also earn 8.20% (before-tax) by investing in preferred stock. Assume that the two investments have equal risk. What is the break-even corporate tax rate that makes the corporation indifferent between the two investments? Assume a 70.00% dividend exclusion for tax on dividends. (Do not round your intermediate answer and round your final answer to two decimal places.)
A. 28.74% B. 31.02% C. 28.46% D. 27.89% E. 35.28%