Croggins Cane Company has a beginning balance in its inventory account of $15,000 and the ending balance is $10,000. Cost of goods sold is $80,000. According to the cost of goods sold model, what was the amount of inventory purchased during the year?
A) $55,000
B) $75,000
C) $70,000
D) $65,000
B
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Tanner and Teresa share income and losses in a 2:1 ratio after allowing for salaries to Tanner of $42,000 and $60,000 to Teresa. Net income for the partnership is $132,000 . Income should be divided as follows:
a. Tanner, $57,000; Teresa, $75,000 b. Tanner, $58,000; Teresa, $74,000 c. Tanner, $75,000; Teresa, $57,000 d. Tanner, $62,000; Teresa, $70,000
The ______ effect refers to the idea that our use of avatars can lead to changes in both our online and real-world communication and behaviors.
a. special b. Proteus c. social-media d. tethered
Budgets are:
A) future oriented. B) for managers only. C) required by GAAP. D) typically not used by small business.
The Bona Fide Occupational Qualification Agency (BFOQA) is the federal administrative agency that is responsible for enforcing most federal antidiscrimination laws
Indicate whether the statement is true or false