Using the information below, calculate cost of goods sold for the period: Sales revenues for the period$1,304,000 Operating expenses for the period 239,000 Finished Goods Inventory, January 1 36,000 Finished Goods Inventory, December 31 41,000 Cost of goods manufactured for the period 540,000
A. $448,000.
B. $530,000.
C. $774,000.
D. $535,000.
E. $769,000.
Answer: D
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A gain is recognized on the disposal of plant assets when:
a. The sales price is greater than the book value and less than the residual value. b. The sales price is greater than the book value and greater than the residual value. c. The sales price is less than both the book value and the residual value. d. The sales price is greater than the residual value but less than the book value.
Bond issue costs have the effect of
a. decreasing a bond discount. b. increasing a bond premium. c. decreasing the effective interest rate. d. decreasing a bond premium.
The keyword DEFAULT can be used in place of the := symbol to assign initial values to the variables within the declaration statement.
Answer the following statement true (T) or false (F)
A good marketing manager knows that
A. modern technology affects the speed of fashion change. B. a fashion is the currently accepted or popular style. C. the faster fashions change, the harder marketing strategy planning is. D. a fad is even more short-lived than a fashion. E. All these answers are correct.