When merchandise sold is assumed to be in the order in which the expenditures were made, the inventory method is called
A) first-in, last-out
B) last-in, first-out
C) first-in, first-out
D) average cost
C
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Which of the following is true about marketing analytics?
A) Its importance has increased as consumers conduct more of their daily activities online. B) It generates Big Data to be used in marketing decision making. C) It is a departmental approach to separately analyzing the performance of different marketing initiatives. D) It can be used for information gathered from traditional marketing efforts but not from digital marketing channels. E) It can be used for information gathered from digital marketing channels but not from traditional marketing efforts.
A document's format ________
A) is only important to design professionals B) will compensate fully for poor content C) cannot undermine your credibility D) varies wildly according to the choice of medium, with no consistent design principles applying to all media E) can communicate professionalism to your audience
Variance analysis involves computing the difference between standard and actual costs
Indicate whether the statement is true or false
Under the periodic inventory system, Village Fabrics purchased 25 yards of blue plaid fabric at a cost of $2.00 per yard on June 1; on June 3, 22 yards were sold of the blue plaid; a new shipment came in with 25 more yards at a cost of $1.25 per yard on June 5; on June 15, 17 yards of the blue plaid fabric were sold; Village Fabrics purchased another 25-yard bolt at a cost of $1.00 per yard on
June 19; on June 27, 6 more yards had been sold. What is the value of inventory as of June 30 under the FIFO method? a. $57.50 b. $30.00 c. $60.00 d. $31.25