Examlex

Solved

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:

Vaginal Penetration

The act of inserting an object, such as a penis, finger, or sex toy, into the vagina for sexual stimulation or reproductive purposes.

Anal Intercourse

Anal intercourse is a sexual practice that involves inserting the penis into the anus of a partner.

Abused Women

Females who have experienced physical, emotional, sexual, or psychological harm by a partner, family member, or someone in their environment.

Abusive Relationships

Relationships characterized by patterns of harmful behavior by one partner towards another, which can be physical, emotional, sexual, or psychological.

Related Questions