Net purchases
*freight in
=cost of good purchased
Answer:
B. The primary advantage to municipal bonds is that interest income received is not taxed by the federal government.
Explanation:
A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.
A municipal bond can be defined as a type of bond that is typically issued by a municipality, county, local government or state in order to finance or sponsor capital expenditures for the public such as water supply, construction of roads, etc.
Hence, the primary advantage to municipal bonds is that interest income received on this type of bond is not taxed by the federal government.
<em><u>a</u></em><em><u>m</u></em><em><u>m</u></em><em><u>i</u></em><em><u> </u></em><em><u>s</u></em><em><u> </u></em><em><u>f</u></em><em><u>a</u></em><em><u>v</u></em><em><u>o</u></em><em><u>r</u></em><em><u>i</u></em><em><u>t</u></em><em><u>e</u></em><em><u> </u></em><em><u>s</u></em><em><u>p</u></em><em><u>o</u></em><em><u>r</u></em><em><u>t</u></em><em><u> </u></em><em><u>i</u></em><em><u>s</u></em>
<em><u>a</u></em><em><u>_</u></em>
Answer:
$9,360
Explanation:
Cost Retail Ratio
Inventory, May 1 $10,440 $14,500 .72
Purchases 31,550 42,900
Freight-in 2,000
Purchase discounts (250)
Net markups 3,400
Net markdowns (1,300)
Totals excluding
beginning inventory 33,300 45,000 .74
Goods available $43,740 59,500
Sales (46,500)
Inventory, May 31 $13,000
Estimated inventory,
May 31 ($13,000 × .72) $ 9,360
Answer:
(C).Marketing
Explanation:
According to the <u>marketing concept</u>, firms must develop strategies to <u>determine and satisfy the needs of their customers</u>,<u> increase sales of goods and services to earn maximum profit</u>, and also do better than their competitors.
This concept expects that finding out and satisfying the needs of customers better than competitors can, should be prioritized.
