Which of the following accounts is not reported in inventory?
a. Raw materials.
b. Equipment.
c. Finished goods.
d. Supplies.
Answer: b. Equipment.
Business
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With which of the following does the seller pay the actual freight charges and bill every purchase with an identical, flat freight charge?
a. uniform delivered pricing b. FOB origin pricing c. basing-point pricing d. freight absorption pricing
Business
Calculate the payback period (PP) for the cash flows provided in the table below. Note: The negative cash flow for year 0 is the initial investment for the project
Year Cash Flow 0 -$47,000 1 $18,000 2 $14,000 3 $12,000 A) 2.61 years B) 3.00 years C) 4.50 years anticipated D) This project never fully repays its initial investment based on the information provided.
Business