The earliest evolutionary change in sports broadcasting from factual reporting to sports entertainment was seen within
A. ABC's Monday Night Football broadcast.
B. the Internet.
C. 1950 World Series radio broadcasts.
D. the NCAA basketball tournament.
Answer: A. ABC's Monday Night Football broadcast.
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At the end of the year, Metro, Inc. has an unadjusted credit balance in the Manufacturing Overhead account of $820. Which of the following is the year-end adjusting entry needed to adjust the account?
A) A debit to Cost of Goods Sold of $820 and a credit to Finished Goods Inventory of $820 B) A debit to Manufacturing Overhead of $820 and a credit to Finished Goods Inventory of $820 C) A debit to Manufacturing Overhead of $820 and a credit to Cost of Goods Sold of $820 D) A debit to Cost of Goods Sold of $820 and a credit to Manufacturing Overhead of $820
Merchandise with an invoice price of $5,000 is purchased on September 2 subject to terms of 2/10, n/30, FOB destination. Freight costs paid by the seller totaled $200. What is the cost of the merchandise if paid on September 12, assuming the discount is taken?
A) $5,200 B) $5,096 C) $4,704 D) $4,900