A sport marketer creates a promotion to attract families, and families attend the game. This promotion was successful in identifiability in terms of market segmenting.

A person's understanding about how and when to apply the facts that have been learned is called

A) Process knowledge. B) Declarative knowledge. C) Practical knowledge. D) Perpetual knowledge. E) Procedural knowledge.

Umatilla Tile Company compiled the following inventory information for the current year. Sales for the year were 3,500 units at $25 each. Total operating expenses for the year, excluding cost of goods sold, were $35,000

The company maintains a periodic inventory system. Date Number of Units Unit Cost Total Cost January 1 Beginning inventory 1,000 $10.08 $10,080 March 10 Purchase 1,200 $11.00 $13,200 July 22 Purchase 1,500 $12.00 $18,000 November 9 Purchase 1,800 $13.00 $23,400 Totals 5,500 $64,680 Required: 1. Determine the ending inventory cost assuming the company uses the weighted average inventory method. 2. Determine the net income that will be reported on the income statement assuming the company uses the weighted average inventory method.