On January 1, 2018, the Coldstone Corporation Adopted the Dollar-Value

question 101

Multiple Choice

On January 1, 2018, the Coldstone Corporation adopted the dollar-value LIFO retail inventory method. Beginning inventory at cost and at retail were $180,000 and $282,000, respectively. Net purchases during the year at cost and at retail were $604,500 and $920,000, respectively. Markups during the year were $10,000. There were no markdowns. Net sales for 2018 were $900,000. The retail price index at the end of 2018 was 1.04. What is the inventory balance that Coldstone would report in its 12/31/2018 balance sheet?

• A) $195,000.
• B) $312,000.
• C) $192,168.
• D) $202,800.

Discuss the process and challenges of acculturation among Latino/a Americans and their implications for counseling practices.

Understand the dynamics and mechanisms of different types of checks within the banking system.

Comprehend the regulations surrounding the endorsement, loss, and recovery of checks.

Know the roles and responsibilities of banks in the check clearing house system.