Refer to the information above. How much is owed the employees for their wages?

The recovery technique in which the database is returned to a known state and then all valid transactions are reapplied to the database is known as:

A) reprocessing. B) rollback. C) transaction logging. D) rollforward. E) checkpointing.

Comet Company prepares monthly income statements. A physical inventory is taken only at year-end; hence, month-end inventories must be estimated. All sales are made on account. The rate of markup on cost is 50 percent. The following information relates to the month of May: Accounts receivable, May 1 ............................ $20,000 Accounts receivable, May 31

30,000 Collection of accounts receivable during May .......... 50,000 Inventory, May 1 ...................................... 36,000 Purchases of inventory during May ..................... 32,000 The estimated cost of the May 31 inventory is a. $24,000. b. $28,000. c. $38,000. d. $44,000.