Anticipatory buying occurs because of an anticipated decrease in interest rates
Indicate whether the statement is true or false
FALSE
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A proposed merger between two Swiss-based global pharmaceutical companies, Ciba-Geigy AG and Sandoz AG, would be subject to review by regulators from which of the following?
A) European Commission B) UN Conference on International Trade Law C) International Chamber of Commerce D) International Court of Justice E) none of the above
As of April 30, Canine counts 8 units of merchandise inventory on hand. Compute ending merchandise inventory and cost of goods sold for Canine using the weighted-average inventory method. (Round the per unit cost to two decimal places.)
The periodic inventory records of Canine Veterinary Supply indicate the following for the month of April:
An asset was purchased for $120,000 and originally estimated to have a useful life of 10 years with a residual value of $10,000. After two years of straight line depreciation, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,000. Calculate this year's depreciation using the revised amounts and straight line method
A) $25,000 B) $11,000 C) $24,000 D) $24,500
Cost of goods sold / Average inventory is the formula for which of these analytical measures?
a. rate earned on total assets b. number of days' sales in inventory c. inventory turnover d. current ratio