Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000. What was the total amount of the company's merchandise purchases for the month?
A. $82,000
B. $122,000
C. $84,000
D. $86,000
Answer: A
You might also like to view...
The ______________________________ is an examination of a working system, conducted soon after the system's implementation
Fill in the blank(s) with correct word
Which of the following is not considered one of the steps to developing the decomposition method?
A) compute seasonal indices using CMAs B) deseasonalize the data by dividing each number by its seasonal index C) find the equation of the trend line using the deseasonlized data D) forecast for future periods using the trend line E) add the seasonal index to the trend forecast
If you were a treasurer for a Fortune 1,000 corporation who has responsibility for investing "excess
cash balances," which of the following alternatives would you be least likely to select? A) U.S. Treasury bills B) bankers' acceptances C) commercial paper D) common stock
Which of the following is NOT required to establish promissory estoppel?
A) a promise made by the defendant B) a promise made by the plaintiff in response to the defendant's promise C) reliance on the defendant's promise D) Enforcing the promise is the only way to avoid injustice.