Use the Following Information for the Next 4 Questions

question 49

Multiple Choice

Use the following information for the next 4 questions.
(CPA) The Dilly Company marks up all merchandise at 25% of gross purchase price. All purchases are made on account with terms of 1/10, (1% discount if paid in 10 days) net/60 (full amount due within 60 days) . Purchase discounts, which are recorded as miscellaneous income, are always taken. Normally, 60% of each month's purchases are paid for in the first month after purchase, whereas the other 40% are paid during the first 10 days of the first month after purchase. Inventories of merchandise at the end of each month are kept at 30% of the next month's forecasted cost of good sold.
Terms for sales on account are 2/10 (2% discount if paid within 10 days) , net/30 (full amount due in 30 days) . Cash sales are not subject to discount. Fifty percent of each month's sales on account are collected during the month of sale, 45% are collected in the succeeding month, and the remainder is usually uncollectible. Seventy percent of the collections in the month of sale are subject to discount, and 10% of the collections in the succeeding month are subject to discount (2%) .
Forecasted sales data and cost of sales for selected months are as follows:
-Forecasted ending inventory for the month of December is

• A) $420,000
• B) $441,600
• C) $552,000
• D) $395,750
• E) None of the above

Comprehend the importance of cultural and social identity development through parenting.

Grasp the concept and effects of reciprocal socialization between parents and children.

Understand the emotional and cognitive roles in family processes.

Differentiate the parenting styles and their effects on children's behavior and development.

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Definitions:

Hegel

A German philosopher of the late Enlightenment period, known for his dialectical method and the concept of the absolute spirit.

Ontological Argument

An argument for the existence of God based on the premise that God, being defined as the greatest possible being, must exist in reality because existence would make God greater.

Anselm

A medieval theologian and philosopher known for his argument for the existence of God through the concept of "that than which nothing greater can be thought."

Transcendence

In the philosophy of existentialist Jean Paul Sartre, the concept that we can always transcend, or go beyond, the facts that are true of us, or what Sartre called our facticity. Transcendence means that the self is defined not by the facts about us but by what we make—and continue to make—of these facts.