Bright Pots and Pans had a beginning inventory of $240,00 . at cost. During the month, Bright purchased and received $150,00 . in goods and had net sales of $280,000 . Throughout the month, Bright maintained a 50% markup on all sales. Compute the cost of goods sold
$140,000
You might also like to view...
________ refers to a marketing strategy where companies do not manufacture any of their product's components
A) Product sourcing B) Product differentiation C) Joint venture D) Export marketing
When American Airlines asked how many first-class passengers would purchase in-flight Internet service at $25, they were conducting ________ research
A) causal B) exploratory C) secondary D) ethnographic E) descriptive
If a borrower has a high FICO score, then there is:
A. a minimal chance of his or her loan getting approved. B. no chance of his or her loan getting approved. C. a high chance of his or her loan getting approved. D. a high chance of more collateral requirements for his or her loan. E. a high chance that a higher interest rate will be charged.
Which of the following is a similarity between online surveys and telephone surveys??
A) ?Both require a proper interviewer. B) ?Both are inexpensive surveys. C) ?Both allow personal contact between interviewer and correspondent. D) ?Both are useful for obtaining detailed information.