The TCP/IP Protocol Suite
a. was originally designed for commercial purposes
b. was originally designed for use on a network connecting U.S. government agencies
c. originally contained only TCP and IP
d. was originally a proprietary protocol
b
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Which of the following is not an assumption made when using the gross profit method?
a) Goods not sold are on hand. b) The beginning inventory plus purchases equal total goods available during the period. c) Ending inventory is equal to beginning inventory plus purchases less sales, reduced to cost. d) The cost ratio is computed after markups (and markup cancellations) but before markdowns.
Darwin Company sells glass vases at a wholesale price of $4 50 per unit. The variable cost to manufacture is $1.75 per unit. The monthly fixed costs are $8,500. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20%, how many additional units must it sell? (Round any intermediate calculations to two decimal places and your final answer to the nearest whole number.)
A) 130,500 glass vases B) 8,500 glass vases C) 34,182 glass vases D) 5,182 glass vases