Provide an appropriate response.The average cost method uses a ratio that compares the cost of goods available for sale at cost and at the selling price.
A. True
B. False
Answer: B
You might also like to view...
Provide an appropriate response.The gross profit inventory method:
A. all of these pertain to the gross profit inventory method B. is not used for preparing annual financial statements or calculating income taxes C. assumes the company maintains approximately the same gross profit each year D. is used for interim reports or insurance claims
Provide an appropriate response.Since numbers in a proportion do not have to be whole numbers, give an example where all of the numbers in the proportion are fractions.
What will be an ideal response?
Factor the polynomial by grouping.2x2 + 9x + 18x + 81
A. (2x + 9)(9x + 2) B. (2x + 9)(2x + 9) C. (x + 9)(2x + 9) D. prime
The manufacturer of a motorcycle leases the rights to the brake system technology from Motorcycle Corporation. The lease agreement calls for a payment of $20,000 at the beginning of each month for 3 years. If the current interest rate is 4.6% compounded monthly, find the present value of payments.
a. $671,329.35 b. $673,902.78 c. $702,210.5 d. $4,563,488.52