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NEW QUESTION: 1
Date Quantity Per Unit Total Cost Jan 1, Beginning Inventory 100 $18.00 $ 1,800.00 Mar 4, Purchase
4 00 19.00 7,600.00 May 8, Purchase 800 18.25 14,600.00 Nov 3, Purchase 500 20.40 10,200.00
Merchandise Available 1,800 34,200.00
Five hundred units are unsold. Using the average cost method under a periodic inventory system, how much is the cost assigned to the ending merchandise inventory?
A. $ 9,500
B. $ 9,800
C. $ 9,400
Using the average cost method, the ending inventory would be calculated as: $34,200 /
1 ,800 = $19 per unit cost. 500 X $19 = $9,500.
NEW QUESTION: 2
Which of the following definitions best describes enterprise risk management?
A. Enterprise riskmanagementis broader than governance and internal control,and focuses on activities designed to ensure that risks are contained at a level acceptable to the enterprise.
B. Enterprise risk management is broader than internal control and focuses on risk identification andmanagement,and assurance that business objectives will be met.
C. Enterprise risk management is narrower than internal control and focuses on managing the risk of loss resulting from external events.
D. Enterprise riskmanagementis narrower than internal control and focuses on risk mitigation strategies across the enterprise.
NEW QUESTION: 3
What is the primary use of hash (one-way) encryption in networking?
A. Encrypting files, for data confidentiality
B. Signing files, for data integrity
C. User authentication, for non-repudiation
D. Key exchange, for user authentication
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