Answer:
$860,400
Explanation:
Cholla, Inc.’s
Cost of goods sold = Beginning inventory + Purchases − Ending inventory
Purchases = Cost of Goods Sold − Beginning Inventory + Ending Inventory
Cost of Goods Sold $801,000
Less Beginning Inventory ($77,400 )
$723,600
Add Ending Inventory $ 136,800
Amount of inventory purchased $860,400
Therefore the amount of inventory that was purchased during the year was $860,400.
Mean while the consignment inventory is not owned by the company and is not as well considered in the Cost of Goods Sold equation.
Answer:
The amount of cash received by Banks Company is $34,300
Explanation:
The computation of the cash received by the bank company is shown below:
= Merchandise amount - discount
where,
Merchandise amount is $35,000
And, the discount equal to
= Merchandise amount × discount percentage
= $35,000 × 2%
= $700
Now put these values to the above formula
So, the value would equal to
= $35,000 - $700
= $34,300
Answer:
Elastic demand
A heart valve
Explanation:
A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.
If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.
Answer:
I don't know what is meaning
Explanation:
sry
Answer:
b
Explanation:
extra cards and id makes it easier for people to steal (pickpocket) and get into accounts and all of the others would make it easy
