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McCool Co. accepted delivery of merchandise which it purchased on account. As of December 31, McCool had recorded the transaction, but did not include the merchandise in its inventory. The effect of this on its financial statements for December 31 would be

Extra Credit: worth 7 points Land Grant Company deposits all receipts and makes all payments by check. The following information is available from the cash records. MARCH 31 BANK RECONCILIATION Balance per bank $43,959 Add: Deposits in transit 4,173 Deduct: Outstanding checks -6,641 Balance per books $41,491   Month of April Results Per Bank Per Books Balance April 30 $43,010 $45,000 April deposits 12,370 17,450 April checks 13,522 16,300 April note collected (not included in April deposits) 1,406                   –   April bank service charge 75                   –   April NSF check of a customer returned by the bank (recorded by bank as a charge) 3,487                   –   Do NOT use the dollar sign in your answers. Calculate the amount of the April 30 1) Deposits in transit $[1] 2) Outstanding checks $[2]   What is the April 30 adjusted cash balance?  3) Adjusted cash balance $[3]

The sales price for a product provides a gross profit of 34% of sales price. What is the gross profit as a percentage of cost?

A flash flood swept through FMB, Inc.’s warehouse on May 1. After the flood, FMB’s accounting records showed the following: Inventory, January 1  $   35,000 Purchases, January 1 through May 1  $ 200,000 Sales, January 1 through May 1  $ 250,000 Inventory not damaged by flood  $   30,000 Gross profit percentage on sales 40% What amount of inventory was lost in the flood?

Which of the following is not an acceptable approach in applying the lower-of-cost-and net realizable value method to inventory?

The issue(s) with keeping children from consuming foods high in sugar and fat is:

Which government programs can influence dietary intake of school age children and adolescents?

While administering a cleansing enema to a client cramping occurs. Which of the following actions should the nurse perform?

Which of the following signs of inflammation is caused by pressure on nerve endings and irritating chemical mediators?

A postoperative client has developed constipation. The nurse is reviewing the client’s medication administration record and determines that which of the following medications is most likely to contribute to constipation?