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Answer:
B. $527,214
Explanation:
Calculation to determine the cost of goods available for sale
Beginning inventory $95,000
Add Inventory purchased $440,000
Add Freight charges $9,100
Less Merchandise returned ($3,800)
Less Discounts ($13,086)
[($440,000 – 3800) x 3%)]
Cost of goods available for sale $527,214
Therefore Cost of goods available for sale is $527,214
Answer:
c. $2,000
Explanation:
total loss claim = business auto loss + stock investment loss
= $1,000 + $1,000
= $2,000
Therefore, The Kim may claim $2,000 of these losses.
<u>Business Management and Administration</u>: general manager and executive secretary
<u>Finance</u>: accountant, loan officer
<u>Marketing, sales, and service</u>: survey researcher and purchasing agent
<u>Transportation, distribution, and Logistics</u>: storage and distribution manager and cargo and freight attendant
Answer:
E. a promise to work for an employer for the rest of your life
Explanation:
The Statute of Frauds requires certain types of contracts to be in writing. All of these contracts must be in writing except a promise to work for an employer for the rest of your life.
Statutes of frauds cover:
Promises that involve marriage as consideration
Contracts that can't be performed within one year
Contracts that involve the sale or transfer of land
Contracts that involve promises by executors to pay estate debts
Contracts that involve a promise to act as a guarantor or surety
Contracts that involve the sale of goods worth more than $500
Hence a promise to work for an employer for the rest of your life
