Use the data below to answer the following question: Date Units Unit Cost Total Cost Jan. 1 500 $40 $20,000 Explanation Beginning Inventory Purchase Purchase Purchase May 9 Sep. 25 350 200 $41 $42 $43 Nov. 5 $14,350 $8,400 $30,100 $72,850 700 1,750 Assume the company uses FIFO and 550 units were sold during the period. Calculate cost of goods sold $23,650 O $22,050 O $22,896 O $34,350 The following table provides data for Microsoft Corp. and Apple, Inc. for fiscal year 2020. Microsoft, Corp. Apple, Inc. Market Price per Share $210.00 $122.25 Earnings per Share $5.82 $3.31 Based on the Price-Earnings ratio for these two companies: Investors think that Apples's future earnings will increase more than Microsoft's O Microsoft will be better able to pay its maturing obligations than Apple. O Apple will be better able to pay its maturing obligations than Microsoft. Investors think that Microsoft's future earnings will increase more than Apple's In 2020, Apple, Inc. repurchased 72 million shares of its common stock for $100 per share. What is the affect on the accounting equation? Assets decrease $7.200m: Stockholders' Equity decreases $7.200m Assets increase $7,200m, Stockholders' Equity decreases $7.200m Liabilities increase $7,200m, Stockholders' Equity increases $7,200m Assets increase $7,200m: Stockholders' Equity increases $7,200m D Question 28 4.17 pts Your company issues 10,000 shares of $1 par value common stock at $20 per share. What is the effect on the accounting equation? Cash increases $200,000; Common Stock Increases $10,000; PIC in Excess of Par increases $190,000 O Cash increases $200,000; Common Stock Increases $200,000 Accounts Payable increases $200,000; Common Stock Increases $10,000; PIC in Excess of Par increases $190,000 Cash increases $200,000; Treasury Stock Increases $10,000; PIC in Excess of Par increases $190,000