Answer:
$31,000
Explanation:
Data provided
Cost of goods sold = $29,000
Beginning inventory = $21,000
Ending inventory = $23,000
The computation of inventory purchased during the year is shown below:-
Cost of goods sold = Beginning inventory + Purchase inventory - Ending inventory
$29,000 = $21,000 + Purchase - $23,000
Purchase inventory during the year = $31,000
Answer:
The sales tax is regressive with respect to income
Explanation:
sales tax by Jennifer = 0.1*30000
= 3000
tax/income = 3000/50000
= 6%
sales tax by steve = 0.1*27000
= 2700
tax/income = 2700/30000
= 9%
The tax increases with decrease in income, it indeed is regressive on the whole.
Therefore, The sales tax is regressive with respect to income
Answer:
B. investment center
Explanation:
Investment center is a business unit which contributes directly to the profitability of company using the capital the company provided.
Therefore, Alejandro is most likely the manager of a investment center.
Answer:
The correct answer is C
Explanation:
The Tort law is the area of law which allows an individual or a person to sue the another person or the company due to the harm or the injury suffered by an individual or person. In this, the person obtain compensation for losses occurred or caused by the person who will be called as defendant.
So, the most common and usual remedies are injunctions and the money damages.
Answer:
A. profit.
Explanation:
We know,
Net Income (profit) = Sales revenue - the cost of goods sold and operating expenses
Here,
The Ice Cream shop made $100,000 on sales revenue. However, the expenses of the shop include supplies and factory space, i.e., rent expense is $75,000.
Therefore, Net Income (profit) = $100,000 - $75,000 = $25,000
Since the sales revenue exceeds the expenses, the company gets a profit. So, <em>option A</em> is the answer.
