QUESTION 18 4 pd The Busy Baker Bakery (BBB) just began business and made the following four inventory purchases for a particular item in August August 01: 150 units, Total Cost = $1,040 August 10: 200 units, Total Cost = $1,560 August 15: 200 units, Total Cost = $1,680 August 28: 150 units, Total Cost = $1,320 A physical count of merchandise inventory on August 31 reveals that there are 210 units on hand. Using the FIFO periodic inventory method, the item ending inventory valuation for August is closest to O a $1,456 O b. $1,848 O c 51,824 O d. $1,508 QUESTION 19 A budget O a. helps in identifying problems and uncertainties. O b. is the qualitative expression of a proposed plan of action by management O c. is an aid to coordinating what needs to be done to execute a plan O d. promotes production automation QUESTION 7 Which of the following transactions would increase both Cash and Non-current liabilities? a. Payment to a supplier b. Payment from a customer c. Purchasing goods on credit od. A bank loan QUESTIONS . Listed in random order below are the balance sheet figures of a company as of 31 August 2020 Accounts receivable, $50,000 Accounts payable, $30,000 Building, $90,000 Share capital, $100,000 Bank loan, S40,000 Inventories, $10.000 Cash, $20,000 Intangible assets, $30,000 Equipment, $40,000 Retained earnings, S40,000 The company's current ratio is closest to . . O a. 2.67 6.5.00 -hit Chek Save All Answers to save all answers