Hogan Industries Had the Following Inventory Transactions Occur During 2022

question 140

Multiple Choice

Hogan Industries had the following inventory transactions occur during 2022: $$\begin{array} { r l l c } & & \text { Units } & \text { Cost/unit } \\\text { Feb. 1, 2022 } & \text { Purchase } & 108 & \$ 45 \\\text { Mar. 14,2022 } & \text { Purchase } & 186 & \$ 47 \\\text { May 1, } 2022 & \text { Purchase } & 132 & \$ 49\end{array}$$ The company sold 306 units at $63 each and has a tax rate of 30%.Assuming that a periodic inventory system is used and operating expenses of $1800 what is the company's after-tax income using FIFO? (rounded to whole dollars)

• A)$2832
• B)$3288
• C)$2302
• D)$1982

Comprehend the concept of roles, including their formation, expectations, and impact on individual behavior in groups.

Examine the psychological and organizational effects of role dynamics such as person-role conflict and role ambiguity.

Understand the principles and psychological impacts of whistle-blowing within organizations.

Analyze how organizational policies and structures, like email and status symbols, influence status barriers and group dynamics.

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Definitions:

Turtle Exclusion Devices

Tools fitted to fishing nets that allow turtles to escape, thus reducing turtle bycatch in fishing operations.

Shrimp Trawlers

Fishing vessels designed for trawling the ocean floor to catch shrimp, often criticized for causing ecological damage.

Sea Turtles

Marine reptiles characterized by a bony or leathery shell and paddled limbs, belonging to the order Testudines.