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) $12,670
B) $9,070
C) $8,420
D) $17,230
B
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Omega Inc makes lightweight sunglasses with 100-percent UV protection for people who love to hunt, hike, and ride bikes
The company's long-term plans include the development of lenses that, in addition to protecting users from UV rays, would help reduce lens spotting through effective water-sheeting methods. This new feature would be valuable to people who fish. Given the rising popularity of recreational fishing in the United States, Omega products clearly have a huge market potential. In terms of a SWOT analysis, Omega has recognized a market ________. A) weakness B) strength C) threat D) opportunity E) challenge
What does the letter "A" represent in the acronym MAD?
A. Audacity B. Awareness C. Attitude D. Alacrity E. Authority
Which of the following factors is not a relevant consideration in judging whether buyer bargaining power is relatively strong or relatively weak?
A. whether customers are relatively well-informed about sellers' products, prices, and costs B. whether certain customers offer sellers important market exposure or prestige C. whether buyers pose a major threat to integrate backward into the product market of sellers D. whether sellers' products are highly differentiated, making it troublesome or costly for buyers to switch to competing brands or to substitute products E. whether buyer needs and expectations are changing rapidly or slowly
When winding-up is complete, a partnership's legal existence is terminated
Indicate whether the statement is true or false