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9. A company starts the period with 100 computers in inventory. purchases 30 more, returns 4 of suppliers, and has 83 in inventory at the

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9. A company starts the period with 100 computers in inventory. purchases 30 more, returns 4 of suppliers, and has 83 in inventory at the end of the period. If there is no shrinkage, how many computers were them to sold? A. 43 C. 83 0. Hopkins, Inc. has 1,000 shares of common stock and 1,000 shares of preferred stock outstanding. The preferred stock has a cumulative dividend preference. Both classes of stock have a par value of S10. The preferred stock has a dividend rate of 6 percent. Hopkins failed to pay a dividend during the prior year. During the current year, the board of directors declares dividends totaling $2,000. Accordingly, the company will distribute dividends in the amount of A. S1,200 to the preferred sharcholders and $800 to the common shareholders. B. S1.600 to the preferred shareholders and $400 to the common sharcholders. C. $1,000 to each class of shareholders. D. $2,000 to the preferred shareholders. 11. Mabel Miller is paid monthly. For the month of January, she earned a total of $6,200. FICA ax for social security is 6.0% and the FICA tax for Medicare is 1.5%. The rate for FUTA tax is 0.8% and the rate for SUTA tax is 5.4%. Both unemployment taxes are applied to Mabel's pay. Federal tax withheld from Mabel's canings was S900. What is the total employer payroll taxes resulting from Mabel's carnings? A. $384.40. B. S465.00. C. S900.00. D. S849.40. 12. When costs to purchase inventory are falling over time, using LIFO leads to reporting sold and cost of net income than FIFO A. higher; lower B. lower, higher C. lower, lower D. higher, higher

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