What is the amount of cost of goods sold for the year according to the average cost method?
a. 1,380
b. 1,375
c. 1,510
d. 1,250
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Q. 2) On NOVEMBER 30, 2011, Just in Thyme, Inc. issued 100,000 of 20-year, 9 bonds at 100. The bonds pay interest SEMIANNUALLY on May 31 and November 30. How much cash will the company pay for interest on MAY 31, 2012, the first interest payment date?
A) 2,000
B) 8,000
C) 4,000
D) 4,120
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Q. 3) The functions of the security officer commonly include assigning passwords and working with human resources to ensure proper interview practices are conducted during the hiring process.
Indicate whether the statement is true or false
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Q. 4) Mia Hero started her own catering business called Hero's Catering. Analyze each of the following transactions for the first month of business. Prepare the balance sheet at March 31.
What will be an ideal response?
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Q. 5) The ____________________ requires employers to determine the amount to withhold from an employee's gross pay for a specific time period from the appropriate wage-bracket table provided by the Internal Revenue Service.
Fill in the blank(s) with correct word
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Q. 6) On January 1, 2012, Albatross Shipping Company bought equipment that cost 65,000 and had an estimated useful life of 5 years and an estimated salvage value of 5,000. The company uses the double-declining balance method of depreciation.
At what rate will the equipment depreciate in 2012?
A) 20
B) 15
C) 10
D) 40
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