Table 6-6 Sam's Wholesale Bikes -Refer to Table 6-6

question 103

Multiple Choice

Table 6-6 Sam's Wholesale Bikes $$\begin{array} { | l | l | } \hline \text { January } 1 \text { inventory balance } & 15 \text { units at } \$ 350 \text { per unit } \\\hline \text { January } 4 \text { purchase } & 50 \text { units at } \$ 375 \text { per unit } \\\hline \text { January } 15 \text { sale } & 40 \text { units at } \$ 550 \text { per unit } \\\hline \text { February } 8 \text { purchase } & 80 \text { units at } \$ 405 \text { per unit } \\\hline \text { February } 15 \text { sale } & 70 \text { units at } \$ 550 \text { per unit } \\\hline\end{array}$$
-Refer to Table 6-6. What is the gross margin for the two months assuming that Sam's uses the perpetual inventory weighted-average-cost method?

• A)$13,504
• B)$21,728
• C)$10,800
• D)$17,977

Comprehending the structure and financial implications of bonds, including future cash flows, interest payments, and issuance price.

Grasping the concepts and calculations related to annuities and present value, including the present value of an annuity and a single sum.

Identifying the differences and characteristics of operating leases and finance leases.

Recognizing the role and impact of the contract rate of interest and market rate on bond pricing.