超星 - chapter6 - 查题吧

单选题

Riverview Software began January with $3,700 of merchandise inventory. During January, Reverview made the following entries for its inventory transactions:Inventory6,600Accounts Payable6,600Accounts Receivable 7,300Sales Revenue7,300Cost of Goods Sold 5,200Inventory5,200What was Riverview's gross profit for January?

A. $5,200
B. $0
C. $7,300
D. $2,100

单选题

In a period of rising prices,

A. net income under LIFO will be higher than under FIFO.
B. LIFO inventory will be greater than FIFO inventory.
C. cost of goods sold under LIFO will be less than under FIFO.
D. gross profit under FIFO will be higher than under LIFO.

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单选题

The income statement for Good Heart Foods shows gross profit of $149,000, operating expenses of $124,000, and cost of goods sold of $218,000. What is the amount of net sales revenue?

A. $342,000
B. $491,000
C. $367,000
D. $273,000

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单选题

The word "market" as used in "the lower of cost or market" generally means

A. liquidation price.
B. original cost.
C. retail market price.
D. current replacement cost

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单选题

The sum of ending inventory and cost of goods sold is

A. net purchases
B. cost of goods available (or cost of goods available for sale)
C. beginning inventory
D. gross profit

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单选题

The following data come from the inventory records of Dapper Company:Net sales revenue…………$624,000Beginning inventory…………64,000Ending inventory……………...43,000Net purchases………………..400,000Based on these facts, the gross profit for Dapper Company is

A. $224,000
B. $193,000
C. $150,000
D. $203,000

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单选题

Patterson Company ended the month of March with inventory of $20,000. Patterson expects to end April with inventory of $13,000 after selling goods with a cost of $93,000. How much inventory must Patterson purchase during April in order to accomplish these results?

A. $106,000
B. $126,000
C. $100,000
D. $86,000

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单选题

Sales are $500,000 and cost of goods sold is $320,000. Beginning and ending inventories are $28,000 and $38,000, respectively. How many times did the company turn its inventory over during this period?

A. 9.7 times
B. 6.4 times
C. 15.2 times
D. 5.5 times

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单选题

Trudell, Inc., reported the following data:Freight in ...........................$26,000Purchases ..........................207,000Beginning inventory ........52,000Purchase discounts.............4,300Dividends...............................4,000Purchase returns ................6,300Sales revenue....................446,000Ending inventory.............47,000Trudell's gross profit percentage is

A. 51.0
B. 48.0
C. 49.0
D. 55.7

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单选题

Crystal Aquarium Supplies had the following beginning inventory, net purchases, net sales, and gross profit percentage for the first quarter of 2016:Beginning inventory, $57,000Net purchases, $72,000Net sales revenue, $92,000Gross profit rate, 20%By the gross profit method, the ending inventory should be

A. $110,600
B. $55,400
C. $129,000
D. $73,600

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