Touch Tronix, Inc

question 8

Multiple Choice

Touch Tronix, Inc. sells component parts to Advanced Communications, Inc. a cell phone manufacturer. On December 10, 2014, Touch Tronix, Inc. sold €1,020,000 of goods to Advanced Communications, Inc. on account for €1,320,000. Terms of the sale were 2/10, net 30. Advanced Communications, Inc. paid €19,500 in freight charges. On December 13, 2014, Advanced Communications, Inc. returned 5% of the goods due to inferior quality. On December 18, 2014, Advanced Communications, Inc. paid the account in full. Advanced Communications, Inc. uses a perpetual inventory system. If Advanced Communications, Inc. has not yet sold any of these goods, what is the ending balance in the inventory account after the payment is made?

Definitions:

Service Outcomes

The measurable results or benefits delivered to recipients through the provision of services, often evaluated to assess effectiveness or impact.

Formative Evaluation Methods

Techniques used to monitor progress and provide feedback during the development or improvement of a project, program, or instruction, allowing for timely adjustments.

Diagnostic Evaluation

The comprehensive process of assessing an individual's symptoms and conditions to arrive at a diagnosis based on standardized criteria.

Summative Evaluation

Assessment conducted at the end of an intervention or program to determine its effectiveness or outcomes.