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ACC290 Phoenix Week 4 Accounting Principles Quiz Help

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ACC/290 QUIZZES WEEK 4 QUIZ A company just starting business made the following inventory transactions in August: Purchase on August 1 300 units $1,560 Sale on August 8 200 units 3,400 Purchase on August 12 400 units 1,340 Sale on August 24 350 units 5,950 Using the LIFO inventory method, how much is cost of goods sold for August using a perpetual inventory system? Entry field with correct answer $2,120 (I choose $2,120 and this was incorrect, the statement given was that “Each sale must be based on the units of available at the date of sale”) $2,212.50 $6,450 $9,350 Correct! The units that remain in ending inventory are the units from the most recent purchases. (200 ×$6.30*) + (300 × $6.60**) = $3,240; *2,520/400 = $6.30; **1,980/300 = $6.60. A company just starting business made the following purchases in August: August 1 300 units $1,560 August 12 400 units 2,340 August 24 400 units 2,520 August 30 300 units 1,980 1,400 units $8,400 A physical count of the inventory on August 31 reveals that there are 500 units on hand. Using the FIFO inventory method in a perpetual inventory system, how much is the value of the ending inventory on August 31? Entry field with correct answer $5,670 $2,730 $5,160 $3,240 Correct! FIFO cost of goods sold under a periodic system will be the same as FIFO cost of goods sold under a perpetual system. Which statement is true in a perpetual inventory system? Entry field with correct answer LIFO cost of goods sold w ...
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Week 1: SmartBook Chapters 1, 2, 3Due Dec 18 by 11:59pm Points 60 Submitting an external tool Available after Oct 24 at 12 ...

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BUS 499 Hampton University Strategic Management and Competitiveness Paper

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Choose one public corporation in an industry with which you are familiar. Research the company on its own website, the public filings on the Securities and Exchange Commission EDGAR database, the University's online databases, the Nexis Uni database, and any other sources you can find. The annual report will often provide insights that can help address some of these questions.RequirementsWrite a four- to six-page paper in which you do the following:Assess how globalization and technology changes have impacted the corporation you researched.Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns.Assess how the vision statement and mission statement of the corporation influence its overall success. Evaluate how each category of stakeholder impacts the overall success of this corporation.

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Week 1: SmartBook Chapters 1, 2, 3Due Dec 18 by 11:59pm Points 60 Submitting an external tool Available after Oct 24 at 12 ...

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