Acme grommet sells reinforced eyelets and has been in business since 2012. the exhibit below provides relevant data and financial statement information about acme’s inventory purchases and sales of inventory for the last year. units unit price beginning inventory 699 $5.00 purchases 710 $8.00 sales 806 $15.00 sga expenses $3,141 per annum question part 1: the cost of goods sold using the weighted average cost method is closest to: cogs a) $4,986.02. b) $5,248.44. c) $4,351.00. 23. based on the information provided in question 22, the cost of goods sold using the first in, first out (fifo) method is closest to: fifo cogs a) $4,133.45. b) $5,248.44. c) $4,351.00. 24. based on the information provided in question 22, the ending inventory value in dollars using the fifo method is closest to: a) $4,824. b) $6,160. c) $4,582. 25. based on the information provided in question 22, the value of the ending inventory level in dollars using the last-in-first-out (lifo) method is closest to: a) $3,015. b) $6,160. c) $4,824.

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation