In a finite queue, the length of the queue is:
A) limited.
B) unlimited.
C) limited or unlimited.
D) limited and unlimited.
Answer: A
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If the weeks of supply is 10 and the average aggregate inventory value is $1,000,000, what is the cost of goods sold?
Fill in the blank(s) with the appropriate word(s).
On September 12, Ryan Company sold merchandise in the amount of $7200 to Johnson Company, with credit terms of 2.00/10, n/30. The cost of the items sold is $4700. Johnson uses the periodic inventory system and the net method of accounting for purchases. The journal entry that Johnson will make on September 12 is:
A.
| Accounts payable | 7200? | |
| Merchandise inventory | 7200? |
B.
| Purchases | 7056? | |
| Accounts payable | 7056? |
C.
| Merchandise inventory | 4700? | |
| Accounts payable | 4700? |
D.
| Purchases | 7200? | |
| Accounts payable | 7200? |
E.
| Merchandise inventory | 7056? | |
| Accounts payable | 7056? |
A perfected security interest:
A. does not provide a creditor rights vis-à-vis a debtor. B. gives a creditor protection against other creditors of the collateral but not against other purchasers of the collateral. C. becomes effective even when a creditor does not give anything of value to a debtor. D. protects a creditor's security interest in collateral against other creditors of a debtor.
Answer the following statements true (T) or false (F)
On the statement of cash flows, the proceeds from the sale of equipment would be classified as a financing activity.