Using the following information, what is the amount of cost of goods sold? Purchases $32,000 Purchases discounts $960 Merchandise inventory September 1 5,700 Merchandise inventory September 30 6,370 Sales returns and allowances 910 Sales 63,000 Purchases returns and allowances 1,200 Freight In 1,040
a. $26,900
b. $20,530
c. $28,130
d. $30,210
d
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Discount Furniture has seen sales decline in a highly competitive environment. To be able to offer a lower-cost product, management decides to close its factory in North Carolina, laying off 85 workers from the company's 465-person workforce. Under the Workers' Adjustment Retraining and Notification Act, what must Discount Furniture do?
A. It must request employees' consent before releasing their job records. B. It must explain employment-at-will principles to the employees. C. It must provide all the employees with exit interviews. D. It must give the employees 60 days' notice before it can begin the layoffs. E. It is required to seek legal advice to identify any exemptions available.
Which of the following is/are true?
a. After cost of sales, the income statement typically shows deductions for other expenses associated with operations (other operating expenses). b. Many firms present a subtotal called operating income or operating profit, the difference between revenues and expenses associated with core operating activities. c. two common types of operating expenses are selling, general, and administrative expenses (SG&A) and research and development expenses (R&D). d. all of the above e. none of the above
Identify the verb in the sentence. He approves all travel requests
In addition to the four basic requirements of a contract, which of the following must also occur in order to have a valid contract?
a. The agreement must always be in writing. b. There must be evidence of undue influence. c. There must be an absence of invalidating conduct. d. A legal remedy must be available for there to be a breach.