Acar dealer acquires a used car for $18,000, terms fob shipping point. additional costs in obtaining and offering the car for sale include $180 for transportation-in, $810 for import duties, $140 for insurance during shipment, $140 for advertising, and $1,000 for sales staff salaries. for computing inventory, what cost is assigned to the used car?

Double corporation acquired all of the common stock of simple company for

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise