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Question - The following transactions relate to the next two questions.
1. $15,000 of prepayments expired during the month
2. Received $90,000 from accounts receivable
3. Purchased inventory on credit $150,000
4. Made credit sales of $650,000 (cost of goods sold was $550,000)
5. Paid $30,000 of the accounts payable balance.
Q1. What is the accrual profit for the period?
A. $70,000
B. $85,000
C. $100,000
D. $55,000
E. None of the above
Q2. Assets increased during the period by:
A. $205,000
B. $250,000
C. $70,000
D. $310,000
a what is goal incongruence?b how can using the metric return on investment for performance evaluation lead to goal
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