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 cost of goods sold?
A. $2,750.
B. $380.
C. $2,730.
D. $440.
E. $2,670.
Answer: A
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a. archive file b. reference file c. transaction file d. master file
E-business presents unique pressures and opportunities for fraud including:
a. proven business models that generate cash flows. b. extensive personal contact which increases customer satisfaction with the purchase. c. heightened privacy due to the ability to conduct business from home or office. d. lack of "brick-and-mortar" and other physical facilities.
What is a conditional value?
What will be an ideal response?
On December 31, Year 1, Houston Company's total current assets were $560,000 and its total current liabilities were $420,000. On January 1, Year 2, Houston issued a long-term note to a bank for $30,000 cash.Required:(a) Compute Houston's working capital (1) before and (2) after issuing the note payable.(b) Compute Houston's current ratio (1) before and (2) after issuing the note payable. Round your answer to two decimal places.
What will be an ideal response?