Tying allocation to past sales removes any incentive a retailer may have to inflate orders, as a result dampening the bullwhip effect

Swanson, Inc. uses a periodic inventory system. From the following details, calculate the cost of goods sold

Beginning merchandise inventory $2,000 Ending merchandise inventory 2,300 Purchases 22,000 Purchase Discounts 700 Purchase Returns and Allowances 1,500 Freight In 4,200 A) $24,200 B) $19,800 C) $23,700 D) $26,000

If you cannot meet the deadline for filing your return,

A) the IRS will level a penalty, regardless of whether you file an application for a time extension. B) the IRS will grant you an automatic extension if you file an application. You will be able to file a late return and late payment of taxes without penalty. However, you may owe interest on the late tax payments. C) the IRS will grant you an automatic extension if you file for an extension. However, you will be penalized if you have not paid your taxes by the filing date. D) you need only to file for an automatic extension and delay paying your taxes until you actually file your return.