Answer:
$208
Explanation:
Using the FIFO Inventory method, inventory items are assumed to be sold in the order in which they were purchased from the earliest to the latest.
The order of purchase of the inventory items are.
Jun. 1, DVD Player 1012, $113
Nov. 1, DVD Player 1045, $95
Nov. 31, DVD Player 1056, $88
Therefore, if two of the three items are sold, the cost of goods sold is the cost of the first two items purchased
= 113 + 95 = $208.
Answer:
Option (3) is correct.
Explanation:
Given that,
Enok, a prospective franchise owner,
Royalty payments = 8 percent of sales could be as high as $300,000 per month
Therefore, the franchiser is claiming that a franchisee can expect monthly sales to be as high as:
= $300,000 × (100 ÷ 8)
= $300,000 × 12.5
= $3,750,000
Option (3) is correct.
Answer:
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George Washington: Washington has been called the "Father of His Country" for his manifold leadership in the formative days of the new nation.
