Goods are to be sent F.O.B. Buffalo, NY to Raleigh, NC by UPS. Where does tender occur?
A) Where the goods are identified
B) Where the goods are shipped
C) Where the goods are delivered and picked up by the buyer
D) Where the goods are taken by the buyer
B
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Select the BEST statement describing appropriate use of tables in reports
a. Do not use a table if the same data can be displayed in a chart. b. Do use a tablefor showing detailed report data. c. Do not use a formal table in an informal report. d. Do not use an informal table in a formal report.
Passive voice is
A) never used in a science lab report. B) always used in a science lab report. C) used in a science lab report when the methodology or procedures are described.
Vargas Company uses the perpetual inventory system and the FIFO cost flow method. During the current year, Vargas purchased 400 units of inventory that cost $15.00 each. At a later date during the year, the company purchased an additional 800 units of inventory that cost $18.00 each. Vargas sold 500 units of inventory for $27.00. What is the amount of cost of goods sold that will appear on the current year's income statement?
A. $7,800 B. $4,500 C. $6,000 D. $5,700
Activity-based costing systems should not be used in conjunction with cost-volume-profit analyses.
Answer the following statement true (T) or false (F)