Bates Company pays cash for all inventory purchases. Bates reports that it had a beginning inventory of $2,500 and an ending inventory of $900. Its cost of goods sold equaled $5,500. Based on this information, the amount of cash paid for inventory purchases was:
A. $1,400
B. $7,100
C. $9,100
D. $3,900
Answer: D
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The bond department shows gross sales of $179,000 and cost of goods sold of $46,000 . What is the gross profit of the bond department?
a. $154,000 b. $133,000 c. 67.2% d. 32.8%
When upset with someone or something at the workplace, the best place to vent your frustrations is where?
A) In an anonymous email B) On your Twitter feed C) On the corporate blog D) At home E) At after work social setting
Understanding marketing requires a familiarity with many disciplines, activities, and strategies. Identify several of these areas
What will be an ideal response?
To show the strength of a plastic pallet, the salesperson asked the prospect to step into the parking lot. Once they were in the parking lot, the salesperson laid a pallet on the ground and drove his car across the pallet. Then he got out of the car and asked the prospect to examine the pallet for cracks or breaks. This theatrical presentation of a product's feature is called a(n):
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