Prepare a perpetual inventory record, using the weighted-average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)

Third Avenue Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, the company purchased and sold merchandise on account as follows:









Business

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Discuss three customer adoption forces and three product adoption forces affecting new product-market penetration

What will be an ideal response?

Business

To be ISO certified, ______.

A. a company must be audited by an external governing group B. a company must be checked out by a government agency C. a company must submit a report from an accounting firm that conducts audits D. a company must be audited by its internal audit department

Business

Torino Company has 10,000 shares of $5 par value, 4% cumulative and nonparticipating preferred stock and 100,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

A. $0. B. $1,000. C. $3,000. D. $2,000. E. $4,000.

Business

Mary goes into Honest Harry's Electronics and purchases a TV. Mary agrees to pay for the TV in 30 days on the store's "30 days same as cash" plan. This is an executory contract

Indicate whether the statement is true or false

Business