Answer:
purchases = 160000
Explanation:
given data
beginning inventory = $140,000
amount of inventory on hand = $80,000
net sales = $400,000
gross profit rate = 40%
solution
we first Computation of cost of goods sold hat is
Gross profit rate = 
× 100
= 
= = 
= 100 Gross profit = 16000000
so
Gross profit = 160000
and
Cost of goods sold is = sales - gross profit
so
Cost of goods sold = 400000 - 160000
Cost of goods sold = 240000
and
Cost of goods sold = opening inventory + purchases - closing inventory
so put here value
240000 = 140000 + purchases - 60000
so purchases = 160000
Answer:
Check: 5,269.04
Explanation:
We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days
7 computer x 970 dollars each = 6,790
20% Discount for quantity:
6,790 x 20% (1,358)
Invoice nominal: 5,432
discount within the first 10 days:
5,432 x 3% (162.96)
final amount: 5,269.04
Answer:
positive relationship between consumption and disposable income
Explanation:
The consumption function shows the relationship between consumer spending and disposable income.
the formula used to calculate consumption function is:
C = A + MY
- C = consumer spending
- A = autonomous spending
- M = MPC or marginal propensity to consume
- Y = disposable income
The consumption function has a upward slope since the relationship between consumer spending and disposable income is always positive, i.e. the more disposable income you have, the more you will consume.
The process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.
The information related to the process operations is as follows:
- It refers to the method or action or the operation that involved the storage or handling of the material prior, during, or after the manufacturing.
- It involved the greater standardization level, and the sequential process series.
Therefore we can conclude that the process operations are treated as the manufacturing process that involved the high standardization level, and the series of the sequential process.
Learn more about the manufacturing here: brainly.com/question/14275016
Each of the following, except one, is a condition that characterizes a perfectly competitive labor market. The exception is workers receive wages that are above their marginal revenue product (MRP).
In developing countries, labor markets play a central role in determining economic and social progress since employment status is one of the key determinants of exiting poverty. Ultimately, having a decent, well-paid, and secure job is the most sustainable path to increasing incomes and consumption levels.
That is, in the labor market, employers are willing to buy more hours of labor at lower wages than at higher wages. Although employers, who demand labor, prefer lower wages, workers, who supply that labor, prefer high wages.
Learn more about the labor market here brainly.com/question/25715806
#SPJ4
