A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330 . The cost of merchandise purchased is equal to
a. $8,420
b. $17,230
c. $12,670
d. $9,070
d
You might also like to view...
Which of the following is a traditional right of buyers?
A) the right to charge any price for a product, provided no discrimination exists among similar kinds of buyers B) the right to spend any amount to promote a product, provided it is not defined as unfair competition C) the right to use any product message, provided it is not misleading or dishonest in content or execution D) the right to use buying incentive programs, provided they are not unfair or misleading E) the right not to buy a product that is offered for sale
Bradford College in Iowa is interested in recruiting new students from Nebraska. First it must decide
a. whether to aim its communication at high school counselors or high school students b. whether to use direct mail or Web c. whether to offer a fee weekend visit to the campus d. How much money to use in different media e. what advertising copy to use in which media
Software algorithms are a form of ________ that, once developed and paid for, can be reused many times at a very low cost.
A. intangible asset B. knowledge asset C. social asset D. tacit asset
Individuals who buy and sell stock on a very short-term basis as a career are called ________
Fill in the blank(s) with the appropriate word(s).