1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mnenie [13.5K]
3 years ago
5

Thompson company updates its inventory records perpetually. the company's records showed a beginning inventory of $600, cost of

goods sold of $1,400, and ending inventory of $800. how much inventory was purchased during the year? $1,200 $1,000 $900
Business
1 answer:
Vinil7 [7]3 years ago
7 0
The total inventory can be calculated by adding the initial or beginning inventory which is equal to $600 and the cost of goods sold, $1,400. That is,
     
    T = $600 + $1,400 
    T = $2,000

Then, we subtract the ending inventory of $800 from the calculated value.

    S = $2,000 - $800
    S = $1,200

Hence, the answer to this item is the first choice. 
You might be interested in
According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contr
Pie

According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.

<h3>What do you mean by Uniform Commercial Code?</h3>

The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.

According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.

Learn more about uniform commercial code here:

brainly.com/question/8476938

#SPJ1

3 0
2 years ago
Why is it easier to quantify paid work done outside the home over unpaid housework and childcare?
diamong [38]
<span>It is easier to quantify paid work done outside the home over unpaid housework and childcare because traditional means of tracking economic activity, such as the gross domestic product (GDP) can be used. Housework on the other hand is not easily measurable because the traditional means of tracking economic activity  do not take account of non-exchange, non-market household activity. </span>
6 0
3 years ago
1.   What form of departmentalisation did the construction company responsible for building the taxi rank followed? Elaborate   
Vikentia [17]

The form of departmentalisation that the construction company responsible for building the taxi rank followed was <u>product departmentalization</u><u>.</u>

Product departmentalization is peculiar to a bug company that deals with multi-products. Construction company may be responsible for taxis, trucks or buses. Construction company responsible for taxi rank in this case grouped all the activities related to the taxis in a specific department.

Product departmentalization becomes vital when producing, marketing, and handling of every product hold certain importance for the company. It requires the company to ensure specialized production facilities.

<h3>What is departmentalization?</h3>

Departmentalization is an establishment structure that divides people into groups, or departments, based on certain sets of criteria. These departments have their own leadership and work together to complete tasks.

Therefore, the correct answer is as given above

learn more about departmentalization: brainly.com/question/6229273

#SPJ1

7 0
1 year ago
A company's ability to achieve and maintain a unique and valuable competitive position both within a nation and globally, genera
slega [8]

It is known as competitive advantage.

Competitive advantage refers to factors that allow a company to produce goods or services more efficiently or at a lower cost than competitors. These components allow the manufacturing unit to generate more sales or profits than its competitors in the market.

It is the favorable position that a firm seeks in order to outperform its competition.

Competitive advantages are classified into two types: comparative advantages and differentiated advantages.

A company's comparative advantage is its ability to manufacture something more effectively than a rival, resulting in larger profit margins.

A differential advantage occurs when a company's goods are seen to be both distinctive and of greater quality than those of a rival.

To know more about competitive advantage click here:

brainly.com/question/17189107

#SPJ4

5 0
2 years ago
The "implicit debt" accompanying the Social Security and Medicare programs is:
Tom [10]

Answer: a. substantially greater than the national debt

Explanation:

8 0
3 years ago
Other questions:
  • Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external
    15·1 answer
  • As dvds become popular substitutes for video cassettes, demand for video cassettes is likely to
    14·1 answer
  • Assume that Global Cleaning Service performed cleaning services for a department store on account for​ $180. How would this tran
    10·1 answer
  • N industry consists of three firms with sales of $360,000, $650,000, and $265,000.
    11·1 answer
  • Walmart created the Great Value brand for their food products and the Equate brand for their​ pharmacy, health, and beauty produ
    9·1 answer
  • Matthew bakes apple pies that he sells at the local farmer’s market. If the price of apples increases, the a. supply curve for M
    11·1 answer
  • "Craig, the CEO of ShopRite, Inc., has noticed that one of his store locations has consistently through-the-roof sales numbers.
    9·1 answer
  • Sara’s Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Sa
    15·1 answer
  • Sales $3,400,000 $2,100,000 Contribution margin $1,500,000 $900,000 Divisional segment margin $1,000,000 $300,000 Net operating
    7·1 answer
  • Which statements describe a Treble Clef correctly? Pick Two
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!