Case 2 Anita Fancies Herself to Be an Artist on the Computer

question 27

Multiple Choice

Case 2 Anita fancies herself to be an artist on the computer. She is drawing stylized images of the Parthenon with a series of roughly long and rectangular objects for the columns and a triangular object for the roof. These objects are layered according to the artist's specifications. For instance, the roof object is layered in front of the columns and sky. The characteristic of using this type of graphics gives a great deal of flexibility in arranging and editing image elements. What other tools can Anita use to work on her computerized artwork, while keeping the same types of graphic files she is already using?

• A) Corel Designer
• B) Bitmap graphics
• C) A scanner
• D) A digital camera

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Definitions:

Perpetual Inventory System

A method where inventory quantities and cost of goods sold amounts are updated continuously as sales occur and purchases are made.

Lower-of-cost-or-market

An accounting principle that values inventory at the lower of its historical cost or current market price.

Average Cost

A method of inventory valuation that calculates the cost of goods sold and ending inventory based on the weighted average of all units purchased.