4.RST Co. sold for $6,000 inventory that had cost $4,000. Freight terms for the sale were FOB destination and payment terms were 1/10, n/30. RST records sales transactions at the net amount. RST paid freight costs of $200 in cash. The receivable was collected within the discount period. Based on this information alone, the amount of gross margin would be a.$1,940. b.$1,740. c.$1,800. d.$2,000.

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For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.

Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?