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tankabanditka [31]
3 years ago
8

Given the following information for a retail company, what is the total cost of goods purchased for the period? Purchases discou

nts $ 3,500 Transportation-in 6,700 Ending inventory 35,000 Gross merchandise cost 304,000 Purchases returns 8,400 Beginning inventory 27,000 Sales discounts 10,300
Business
1 answer:
BigorU [14]3 years ago
8 0

Answer: $298,800

Explanation:

Cost of goods purchased = Gross merchandise cost + Transportation-in (Carriage inwards) - Purchase discount - Purchase returns

= 304,000 + 6,700 - 3,500 - 8,400

= $298,800‬

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Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.

<h3>What is Phased retirement ?</h3>
  • A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
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1 year ago
When several hurricanes hit Florida in 2004, a number of local governments imposed price controls that prevented sellers from ra
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a reduced availability of these badly needed products.

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Price control is when the government imposed a price regime that is aimed at protecting the consumer from over pricing by sellers. When price ceilings are imposed there is a maximum price the the seller cannot go above in pricing of products.

In this case if ocal governments imposed price controls that prevented sellers from raising their prices for badly needed products like plywood and generators. It will result in reduced availability of the products to these areas.

Sellers tend to reduce amount supplied, due to scarcity consumers will have to buy at black market prices that are higher.

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3 years ago
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You expect to receive $9,300 three years from today. You also expect to receive $13,100 five years from today. When you receive
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around 70k-80k

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5 0
3 years ago
A city's potential for growth or its susceptibility to decline is determined by a set of economic activities that the city provi
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B

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Economic base are businesses that generate employment in a community or a geographical area.

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2)Nonbasic industries support basic industries.

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B) average total cost must be rising

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