For Calendar 2017, Cost of Goods Available for Sale for Janus

question 60

Multiple Choice

For calendar 2017, cost of goods available for sale for Janus Corp.was $820,000.The average gross profit rate was 30%.Sales for the year were $600,000.What is the estimated dollar value of the inventory at December 31?

• A)$400,000
• B)$420,000
• C)$328,000
• D)$88,000

Identify and use appropriate coherence techniques in report writing.

Know the function and proper use of preliminary parts in a formal report.

Understand the role and composition of the addenda in a report.

Recognize and apply effective report writing practices, including the use of headings, transitions, and executive summaries.

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Definitions:

Less-developed Nations

Less-developed nations, also known as developing countries, are countries with a lower standard of living, economic instability, and less advanced industrial infrastructure than developed countries.

Movie Production

The process of creating a film, from conceptualization and scripting to filming, editing, and distribution.

Capital

Assets or resources that an individual or entity owns or controls with the expectation that it will provide future benefit or value.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation and communication systems, utilities, and public institutions.