A sporting equipment store expects to purchase $8,000 of ski boots in October. The store had $2,000 of ski boots in merchandise inventory at the beginning of October, and expects to have $3,000 of ski boots in merchandise inventory at the end of October to cover part of anticipated November sales. What is the budgeted cost of goods sold for October?
A. $10,000.
B. $9,000.
C. $7,000.
D. $5,000.
E. $8,000.
Answer: C
You might also like to view...
In U.S. v. Microsoft, the appellate court found that
A. Microsoft's business practices were a per se violation of the Sherman Act. B. Microsoft did not employ illegal anticompetitive means to maintain and further its monopoly of the operating system market. C. Microsoft employed illegal anticompetitive means to maintain and further its monopoly of the operating system market. D. Microsoft illegally attempted to monopolize the browser market.
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where gift-giving is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. The company's leading salesperson, Peter Austin, is preparing the approach he will use during his first sales call on the CEO of Diamonite, a company that specializes in designing, manufacturing, and installing aircraft interiors for executives and heads of state."Can you really create culturally-sensitive baskets that will not offend any of our customers?" the CEO asked after listening to Austin's
sales presentation. The CEO's question is an example of: A. decoding. B. noise. C. transfer. D. feedback. E. observation.
Which of the following equations can be used to compute a firm's magnitude of operating leverage?
A. Fixed costs ÷ Contribution margin B. Contribution margin ÷ Net income C. Net income ÷ Sales D. Net income ÷ Contribution margin
When Volvo's advertising campaign mentions the Volvo S60 has the highest safety rating of any European sedan, it is using _______ advertising.
A. reminder B. reinforcement C. competitive D. defensive E. institutional