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The following data were taken from the records of Blue Company for the fiscal year ended June 30, 2017.

Raw Material Inventory 7/1/16 $49,900

Factory Insurance $4,800

Raw Material Inventory 6/30/17 45,000

Factory Machinery Depreciation 17,100

Finished Goods Inventory 7/1/16 96,100

Factory Utilities 30,500

Finished Goods Inventory 6/30/17 28,500

Office Utilities Expense 9,550

Work in Process Inventory 7/1/16 22,700

Sales Revenue 556,800

Work in Process Inventory 6/30/17 29,200

Sales Discounts 4,500

Prepare Income statement through gross profit.
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Beckham Robinson
BusinessBusiness
Which type of third party plan covers prescriptions for anyone eligible for medicare benefits, including senior citizens?
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Ella James
BusinessBusiness
As more output is produced, the marginal product of labor declines because the firm's marginal revenue declines: a) if the firm's output supply curve is inelastic. b) if firms reduce the wage paid to labor. c) because of the law of diminishing returns.
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Richmond
BusinessBusiness
Total spending will equal total output A. after inventory adjustments B. only when total leakages are equal to total injections C. by the end of every year D. only when the sum of saving and investment equals the sum of net taxes and government expenditures E. saving is equal to net taxes
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Julissa Terrell
BusinessBusiness
When using the periodic system the physical inventory count is used to determine Select one: a. both the cost of the goods sold and the cost of ending inventory. b. both the cost of the goods in ending inventory and the sales value of goods sold during the period.
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Dylan Williams
BusinessBusiness
Determining Cost of Merchandise Sold For a recent year, Best Buy reported sales of $40,339 million. Its gross profit was $9,047 million. What was the amount of Best Buy's cost of merchandise sold? (Enter answer in millions.)
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Brisa Gates
BusinessBusiness
On January 1, 20X1, an investor purchases shares of stock in a company for $10,000 cash. At the end of 20X1, the investor receives $400 in dividends and sells his ownership at the end of 20X1 for $10,600. What is the return on investment?
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Cassius Poole
BusinessBusiness
Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payable? Multiple Choice Operating. Investing. Financing. Noncash activity.
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Haven Howe
BusinessBusiness
Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds?

Check all that apply.

A. Make automatic reinvestment easy.

B. Allow shareholders to convert shares from one fund to another within the same fund family.

C. Always publicly traded on exchanges.

D. Good choices only if you have lots of capital to invest.

E. Convenient to own but difficult to set up.
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Jayden Glover
BusinessBusiness
7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed long-term debt of $2.21 million. The 2018 income statement showed an interest expense of $255,000. What was the firm's cash flow to creditors during 2018?
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Kayley Davidson
BusinessBusiness
Privacy rights prevent your employer from reading personal messages sent or received through the organization's e

mail system?

True or false
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Pebbles
BusinessBusiness
Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don't police departments increase their applicant pool by dropping this requirement?
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Akira
BusinessBusiness
Although Scott, an African American, was more qualified than Bernardo, a Hispanic American, Bernardo was hired instead of Scott because the owner believed that Hispanic Americans are harder workers than African Americans. Denying Scott the job is an example of:

A. prejudice

B. discrimination

C. displacement

D. institutional racism
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Vegas
BusinessBusiness
One foreign project in Hungary and another in Japan had the same perceived value from the U. S. parent's perspective. Then, the exchange rate expectations were revised, upward for the value of the Hungarian forint and downward for the Japanese yen. From the parent's perspective, the break-even salvage value for the project in Japan would now be which of the following? a. Negative. b. Negative AND lower than that for the Hungarian project. c. Lower than that for the Hungarian project. d. The same as that for the Hungarian project. e. Higher than that for the Hungarian project.
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Byron Davila
BusinessBusiness
Lesa drives her car approximately 18,000 miles per year. During the most recent year, she drove 7,000 miles commuting to and from work, 4,500 miles for business-related conferences and client visits, and 6,500 miles for personal trips. How many miles are considered business miles and can be used to determine the tax deduction for transportation expenses?
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