Biology Forums - Study Force

Which assets are depleted?
 
  A) intangible assets
  B) natural resources
  C) property, plant and equipment, except for land
  D) long-term investments in marketable stocks and bonds

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(Q. 2) The _____________________________ _ maintains custody of and controls access to programs, files, and documentation.
 Fill in the blank(s) with correct word

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(Q. 3) Fargo Engines Incorporated sells part number 45G to toy manufacturers around the world. Information about part number 45G is contained in the table below. Fargo uses a weighted-average periodic inventory system.
 
  Number of Units Unit Cost Total Cost
  Beginning inventory 2,000 8.00 16,000
  Purchase 3,000 8.20 24,600
  Purchase 5,000 8.60 43,000
   Totals 10,000 83,600
 
  Determine the cost of goods sold and ending inventory cost of part 45G if 2,000 units remain unsold in inventory at the end of the accounting period.
  A) Cost of goods sold is 66,133 and ending inventory is 17,467.
  B) Cost of goods sold is 66,267 and ending inventory is 25,733.
  C) Cost of goods sold is 65,803 and ending inventory is 26,197.
  D) Cost of goods sold is 66,880 and ending inventory is 16,720.

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(Q. 4) To verify that the sum of the accounts receivable ledger balances equals the Accounts Receivable balance, a schedule of accounts receivable is prepared.
 a. True
   b. False
   Indicate whether the statement is true or false

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(Q. 5) MasterCard charges Team Shirts 4 of sales. On June 15, Team Shirts sold 4,000 worth of
  T-shirts on MasterCard accounts. Team Shirts paid a fee of 174.40 to MasterCard.
 
  Indicate whether the statement is true or false

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(Q. 6) Which one of the following is nota factor that influences a business's control environment?
 a. management's philosophy and operating style
  b. organizational structure
  c. proofs and security measures
  d. personnel policies

1)  B

2)  data librarian

3)  D

4)  TRUE

5)  FALSE

6)  c

:white_check_mark: Correct!