A company made the following merchandise purchases and sales during the month of May: May 1Purchased380 units at$15 eachMay 5Purchased270 units at$17 eachMay 10Sold400 units at$50 eachMay 20Purchased300 units at$22 eachMay 25Sold400 units at$50 eachThere was no beginning inventory. If the company uses the periodic FIFO inventory method, what would be the cost of the ending inventory?
What will be an ideal response?
| 380 units × $15 each = | $5,700 |
| 270 units × $17 each = | 4,590 |
| 300 units × $22 each = | 6,600 |
| 950 units | $16,890 |
| 800 units sold | ? |
| 150 units in ending inventory | ? |
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An indirect delivery system typically involves ________.
A. extensive customer contact throughout the interaction. B. a hands-off self-service approach to customers C. face-to-face interaction between employees and customers D. a more caring customer service approach than a direct delivery system
June sales were $27,000, while projected sales for July and August were $51,000 and $69,000, respectively. Sales are 60% cash and 40% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July.
A) $36,600 B) $41,400 C) $10,800 D) $30,600
Describe the aspects of self-service technology that were important to TLC in developing CarePages
What will be an ideal response?
There should be at least two headings of each type
a. true b. false