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
Mariulka [41]
3 years ago
12

Dave's Duds reported cost of goods sold of $1,300,000 this year. The inventory account increased by $170,000 during the year to

an ending balance of $495,000. What was the cost of merchandise that Dave's purchased during the year?
A. $3,445,000.B. $2,750,000.C. $2,355,000.D. $3,050,000.
Business
1 answer:
ioda3 years ago
7 0

Answer:

$1,470,000

Explanation:

As we know that

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

where,

Opening inventory would be

= $495,000 - $170,000

= $325,000

So, the purchase would be

$1,300,000 = $325,000 + Purchase - $495,000

$1,300,000 = -$170,000 + Purchase

So, the purchase would be

= $1,300,000 + $170,000

= $1,470,000

This is the answer but the same is not provided in the given options

You might be interested in
Drug sniffing dogs must be 95% accurate in their responses, since we don't want them to miss drugs and also don't want false pos
KiRa [710]
The question: Drug sniffing dogs must be 95% accurate in their responses, since we don't want them to miss drugs and also don't want false positives. a new dog is being tested and is right in 46 of 50 trials. find a 95% confidence interval for the proportion of times the dog will be correct.

 

The answer of the following question:

The 95% confidence interval for the proportion of times the dog will be corrected is: 0.845, 0.995

7 0
3 years ago
Which of the following is the most likely negative consequence of excessive change in an organization? Group of answer choices S
valkas [14]

Answer:

Staff being asked to do too much.

Explanation:

Excessive change in an organization is defined as a process when organizations pursue several differing, unrelated and sometimes changes that are conflicting simultaneously. It can also be, when an organization involves in introducing new changes before previous changes are being accomplished.

Additionally, when staffs or employees perceives change as being excessive, they react in various ways. Some of their reactions to excessive change includes;

• They become overwhelmed.

• Lack of motivation.

• They're stressed out.

• Frustration and anger builds among them.

• Inadequacy, uncertainty

and incompetence.

The lower level staffs and middle managers are most likely to experience, the negative consequence of excessive change in an organization because they're being asked to do too much.

3 0
3 years ago
Looking to see if what I think it is is correct
Westkost [7]
I believe the correct answer is B. form utility.
This refers to the actual appearance of the product, which is something that only the maker of that particular product can alter or change. Possession utility refers to all the benefits the customer has from that product once they have already purchased it, so the maker doesn't have anything to do with it. Place utility refers to where the product is sold, which again, the maker doesn't decide, but rather the entire company. Time utility refers to when the product is going to be available, which again depends on the company itself rather than the maker.
3 0
4 years ago
Making decisions often involves financial and nonfinancial factors. Provide a hypothetical example from your personal life of a
zheka24 [161]

Answer:

Yes, it is very much true that making decisions often involve both financial and non-financial factors. There are some situations in life where we have to consider both of them in order to make a valid or correct decision. For example, when we are buying a laptop, we will definitely consider its price and other specifications like, hard drive space, ram, but we will also consider its style, design and color as well not only price. In another case, when we have to choose between three jobs. One job offers $10000 per month in New York city, while other is offering $15000 in London and third one in China offering $18000. I love to live in New York city which is quite near to my hometown as well but it is offering me the less salary as compared to the other 2 options, I have to do a trade-off here. I will go for opting New York's job in $10000, I will not considering money factor here because I will be more comfortable in this city as many of my family members and friends live here, hence, sometimes both financial and non-financial factors matter when we have to make a decision.

4 0
3 years ago
A beach house in Southern California now costs $350,000. Inflation is expected to cause this price to increase at 5 percent per
jekas [21]

Answer:

Annual deposit= $7,648.27

Explanation:

Giving the following information:

A beach house in Southern California now costs $350,000.

Inflation rate= 5% per year

Interest rate= 13% annual

Number of years= 20

We need to find an annual payment to be made at the end of each year to reach the $350,000 goal.

We need to use the following formula of the future value:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

Real interest rate= 0.13 - 0.05= 008

A= (350,000*0.08) / [(1.08^20) - 1]= $7,648.27

4 0
3 years ago
Other questions:
  • The beta of a security is calculated as: (_____ of a security’s return with the return on the market portfolio / _______).
    6·1 answer
  • Laura is head of ABC Systems. She needs to allocate a fixed amount of funds to various projects. There are two top projects that
    5·1 answer
  • You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can
    13·1 answer
  • Michael worked for a textile manufacturer during the first half of the 20th century. When the supply of his company's textiles e
    9·1 answer
  • Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have
    10·1 answer
  • The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70.I
    6·1 answer
  • On Mar 3, Lyons Company paid dividends of $1,000. Use your knowledge of what a correct journal entry should look like to identif
    10·1 answer
  • During the initial Forming stage, where new team members are excited yet concerned that the project work might be difficult, the
    9·1 answer
  • Neoclassical economics and behavioral economics are similar in the assumption that people are capable of making accurate, someti
    12·1 answer
  • Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!