96,000 is the cost of goods sold.
Beginning inventory, $30,000;
Add: Purchases, $90,000.
Less: Ending inventory $24,000;
Cost of Goods Sold $96,000
Cost of Goods Sold is the number of direct materials, direct labor, and manufacturing overhead charged to the units sold during the period. Presented as a deduction from net sales to obtain gross margin for the period. The cost of goods sold is the total amount paid by a company for expenses directly related to the sale of its products. Depending on the business, this may include direct labor associated with manufacturing or selling products, raw materials, packaging, and merchandise purchased for resale purposes.
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Answer:
A.
Explanation:
In a perfectly competitive market, buyers and sellers are free (by definition) to enter or leave the market as they choose.
That is, individuals are neither forced into nor prevented from engaging in a certain business, provided they have the expertise and the financial resources required.
A perfectly competitive market has the following characteristics:
-There are many buyers.
-There are many sellers. Firms can freely enter or exit the market. All sellers sell the same or similar products. It means that the goods offered by the various sellers are largely the same.
-Firms can freely enter or exit the market.
Answer:
Brand name, loyalty, awareness and attributes.
Explanation:
- The brand equity is a phrase that is used in marketing and refers to the perceived worth of the brand and has social values and a brand name and has four elements as brand awareness, brand attributes and associations, perceived quality, and brand loyalty.
- The brand equity and the loyalty of the brand helps to increase the brand awareness and brand name is associate to the awareness of the brand.
Answer:
The correct answer is letter "A": True.
Explanation:
No SQL databases provide systems for the storage of big amounts of data and real-time web applications. The main feature of a No SQL database is that it does not uses SQL as the main query language. This type of database has a simple interface with horizontal scaling which makes operations faster.
Answer:
E) rack jobbers.
Explanation:
Rack jobbers is defined as a company or trader that has an agreement with a seller to display their products in the retail stores and sell them. Usually channels used are not the traditional channels used to sell the products and can include: gas stations, grocery stores.
In such instances the profit realised is split between both parties. For example if Procter and Gamble provide a product rack to a grocery store this is called rack jobbers.
This will be Reynold's best option as he does not want to take care of setting up displays and maintaining inventory records.
