Chapter 10, Problem 1.1C

A retail company had total operating costs of $750,000 when it processed 300,000 orders. The following year, total operating costs increased to $900,000, with the company processing 375,000 orders. Using the high-low method, determine the variable cost per order processed.

In an audit of inventories, an auditor would most likely verify that:a. All inventory owned by the client is on hand at the time of the count.b. The client has used proper inventory pricing to reflect fair market value.c. The financial statement presentation of inventories is appropriate.d. Damaged goods and obsolete items have been recorded at historical cost.e. Goods-in-Transit, shipped to the client F.O.B. destination, are properly included in inventory.   please I need the correct answer for this is it b or e

A business purchases depreciable equipment for $300 and sells it several years later for $240. At the time of the sale, accumulated depreciation totals $160. If the company's tax rate is 30%, what is the total after-tax cash flow that will result from selling this asset?