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During your year-end review, the sales manager tells you she hos spoken with four big clients who all wanted to make sure there will
During your year-end review, the sales manager tells you she hos spoken with four big clients who all wanted to make sure there will be enough inventery for purchases in the first week of next year. She har checked and the inventory is available. It will total $325.000 in sales. To reflect this, you should: : a. Accounts Receivable 325,000 Inventory Owed 325.000 o b. Not make any entries on the books. C. Cost of Goods Sold 325.000 Inventory Owed 325.000 d. Accounts Receivable 325.000 Revenue 325.000 items on the balance sheet are generaly presented : o a. In the order that matches the firms business model Ob. In order of magnitude, largest amounts first. O c. in order of profitability o d. in order of liquidity If a company had $4.000 in revenue and $2.,100 in expenses, how much would be placed into retained earnings for the period? : O 0. 4.000 O b.6,100 O c. 2100 Od. 1,900 A company had sales of $400.000 and expenses of $270.000. Also dividends have been paid in amount of $50.000. By how much does the closing process impact retained eanings? : O a. $130,000 O b. $100.000 Oc. $80.000 d. $70.000
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