Answer:
Cost of goods sold = $95,000
Explanation:
<em>Cost of goods sold</em><em> is computed as</em>
Opening stock + purchases - closing inventory
<em>The figure is always subtracted from the sales revenue to degtremine the gross profit</em>
So we compute same for Gabrio Inc
Cost of goods sold = 19,000 + 87,000 - 11,000
= $95,000
Cost of goods sold = $95,000
Answer:
When the Fed funds rate is lower, it costs less for banks to borrow money from the federal government. This means that they can loan out more money to the population of America. God bless.
Explanation:
n/a
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