Which of the following inventory costing methods results in the highest value of ending inventory during a period of rising inventory costs?
A) specific identification
B) weighted-average
C) last-in, first-out
D) first-in, first-out
D) first-in, first-out
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Prospecting involves following all the leads in the target market to identify potential customers.
Answer the following statement true (T) or false (F)
Identify and briefly explain the four sections of the performance and accountability report (PAR) that the Office of Management and Budget requires major federal departments and agencies to prepare.
What will be an ideal response?
What is an e-mall?
A. Interactive business communities providing a central market space where multiple buyers and sellers can engage in e-business activities. B. Version of a retail store where customers can shop at any hour of the day without leaving their home or office. C. Serves as a gateway through which a visitor can access other e-shops. D. None of the above.
The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $24 and has a unit variable cost of $18. The company has the following budgeted data for November:? Sales of $1,152,200, all in cash. ? A cash balance on November 1 of $48,000. ? Cash disbursements (other than interest) during November of $1,160,000. ? A minimum cash balance on November 30 of $60,000. If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November.The amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30
cash balance is: A. $20,000. B. $37,000. C. $38,000. D. $21,000.