Marketing research projects, like the other MIS components, are continuous, running 24/7

Mosher, Inc ad the following balances and transactions during 2017:

Beginning Merchandise Inventory as of January 1, 2017 100 units at $82 March 10 Sold 70 units June 10 Purchased 200 units at $85 October 30 Sold 170 units What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2017 if the perpetual inventory system and the first-in, first-out inventory costing method are used? A) $5,740 B) $17,000 C) $5,100 D) $8,200

Ami writes a cheque on his account at the Bank of Credit and Commerce to Karma Architects, Inc for plans for a new house. Karma endorses the back of the cheque, "payable to the RBS bank" and hands it over to the bank

Which of the following statements is TRUE? A) Ami is the endorser B) Karma Architects, Inc. is the drawer C) The RBS Bank is a holder in due course D) Karma Architects, Inc. is the first holder in due course E) The Bank of Credit and Commerce is the payee