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Gwar [14]
4 years ago
7

A company using the periodic inventory system has inventory costing $142 on hand at the beginning of a period. During the period

, merchandise costing $432 is purchased. At year-end, inventory costing $400 is on hand. The cost of goods sold for the year is
Business
1 answer:
Fantom [35]4 years ago
6 0

Answer:

$174

Explanation:

The computation of the cost of goods sold is shown below:

As we know that

Cost of goods sold = Opening inventory + Purchase - ending inventory

= $142 + $432 - $400

= $174

By adding the purchase of merchandise and deducting the ending inventory from the opening inventory we can get the cost of goods sold and the same is to be applied

Hence, the cost of goods sold is $174

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Answer:

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Explanation:

Secondary market are referred to as stock market. All major stock exchanges are secondary market like New York Stock Exchange. In secondary market you can buy previously issued securities. Like in this question, these 300 shares will be sold to another investor in NYSE which is secondary market.

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3 years ago
The part of the shore that extends seaward from the low tide shoreline to the low tide breaker line is known as the ________.
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3 years ago
A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 7 percent decrease in the
enyata [817]

Answer:

Option A

Explanation:

Complete Question

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12

percent decreases in the enrollment. If the university wants to increase its total revenue, it should ________

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A) not raise; elastic   B) raise; inelastic   C) not raise; inelastic   D) raise; elastic

Solution -

The demand for college in the market is elastic which means that variation in variables such as college fees deeply impact the demand. If college fees is increased, the intakes or enrollment will fall down which means that the demand is not stable or on the basis of quality. Therefore, the demand for the college will not rise on fees hike and it shall be an elastic demand.

6 0
3 years ago
Which of the following would have a negative impact on determining eligiblity for a home loan?
damaskus [11]

Answer:

Withdrawing money from savings

Explanation:

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