On April 1, a company purchased two units of inventory, A and B. The cost of unit A was $620, and the cost of unit B was $565. On April 30, the company had not sold the inventory. The net realizable value of unit A was now $640 while the net realizable value of unit B was $480. The adjustment associated with the lower of cost and net realizable value on April 30 will be: 1. Cost of Goods Sold 65 Inventory 65
2. Inventory 65 Cost of Goods Sold 65
3. Cost of Goods Sold 85 Inventory 85
4. Inventory 85 Cost of Goods Sold 85

Goods and services that can be used for the same purpose are and goods and services that are used together are

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are: