Answer:
Gabel Inc.
The company's cost of goods sold for the month is:
$61,000
Explanation:
a) Data and Calculations:
Beginning inventory = $13,000
Purchases 63,000
Goods available for sale 76,000
less Ending inventory 15,000
Cost of goods sold $61,000
b) A company's cost of goods sold is the difference between the cost of goods available for sale and its ending inventory of merchandise. This implies that the company allocates the cost of goods available for sale (which is the function of the beginning inventory and the purchases made during the period) between the cost of goods sold and the cost of the ending inventory based on the inventory valuation method in use.
Answer:
C. A doublingdoubling of the price of salt led to a 5 percent dropdrop in the quantity of salt purchased
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price , the higher the quantity demanded.
An increase in the price of salt leading to a decline in quantity demanded is consistent with the law of demand.
I hope my answer helps you.
Answer:
attached below is the Entity-Relationship diagram
Explanation:
Designing an ER ( Entity-Relationship ) Diagram for the mail order database using a data modelling tool
attached below is the an Entity-Relationship diagram created using all the information provided above
Answer:
1) to do all the chores
2) to understand and stop family fights
3) to take care of a sick family member