Hi,

Need to be answer in 1.5 hours not 4 hours. but answer no need the details only the correct result. tip will be incuded if finished early in 1 hours. right now is 8:30am, will need in 10am at sfo time. 5 question in total.

thanks

question1: (14)

Consider the following facts:

- Company A begin business operations in the month of April.

- On April 1, it purchased 150 units of goods for $390.

- On April 10, it purchased 200 units of goods for $585.

- On April 15, it purchased 200 units of goods for $630.

- On April 28, it purchased 150 units of goods for $510.

- At the end of the month, it discovered that it had 200 units on hand after completing its physical inventory count.

- Company A uses the average-cost inventory accounting method.

Company A's ending inventory for April is:

question 2 (19)

Which of the following statements is true?

a. MACRS stands for Modified Accounting Cost Recovery System.

b. None of these answers are correct.

c. A company's stockholders' equity is reduced by treasury stock.

d. All common stock must be issued with a par value.

e.Depreciable cost equals acquisition cost plus salvage value.

question3 (27)

Which of the following statements is false?

a.A bond is a long-term liability.

b.A company's current ratio is its current liabilities divided by its current assets.

c.None of these answers are correct.

d.Revenues received before a company delivers goods or provides services is classified as unearned revenue.

e An unsecured bond has no collateral attached to it.

question 4 (28)

Consider the following facts for Company A:

Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.

SEE CONTENT AT ATTACHED AND ANSWER BELOW QUESTION

What is the profit margin for Company A?

Question 5 (29)

Which of the following statements is false?

a.The issuance of common stock only affects the paid-in-capital accounts on a company's balance sheet.

b.The amount of authorized stock must be equal to the amount of outstanding stock.

c.Publicly traded companies are not required to provide preemptive rights to their common stockholders.

d.None of these answers are correct.

e.The state of the economy is a factor that influences the price of a newly issued stock.

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