Daily Assignment 2 (1/13/2020) You can either answer the problems directly on this document or use other paper. Scan and submit your answers on Canvas by 8 AM on Wednesday, January gih Problem 1: Periodic vs. Perpetual Inventory Beaver Company only sells one product and uses FIFO. All purchases and sales are made on account, Below is information for January for this one product: 1 Inventory 100 units at $5 each Jan. 80 units at $8 cach 4 Sale 150 units at $6 each Purchase 11 120 units at $8.75 each 13 Sale 20 Purchase 160 units at $7 each 100 units at $9 each 27 Sale
Instructions:
1. Assume that Beaver uses the periodic system, and the end of period ending inventory for January is 110 units.
a. Prepare all necessary journal entries to record the transactions above including end-of-month closing entry to record cost of goods sold.
b. Calculate gross profit.
2. Now assume that Beaver uses the perpetual system.
a. Now prepare all necessary journal entries.
b. Calculate gross profit.

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

1. revising for conciseness - eliminating flabby expressions,limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center.read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a.m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.

Abus pass costs $5 per week. which of the following equations shows the total cost in dollars, t, of the bus pass for a certain number of weeks, w? t = 5w w = 5t t = 5 + w w = 5 + t