Answer:
(B) Cost of goods purchased
Explanation:
While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).
This relationship can be seen when the trading account of both firms are compared.
Answer: Functional organization
Explanation:
A functional organization is a type of organizational structure whereby the organization is grouped into smaller groups that is based on the specialized functional areas, like IT, sales, operations, finance, or marketing.
A functional organizational structure is used to organize workers and they are divided based on their knowledge and specific skills. Each employee is attached to a specific department where it is believed that the employee will perform better and more effectively.
The amount they can take as deduction for the loss on the sale of their home is; $0.
<h3>How much can they take as deduction for the loss on the sale?</h3>
It follows that deductions can only be taken on losses incurred on the sale of property used for business or investment purposes.
Hence, since the item sold is their personal home, it follows that they cannot take any deduction on the loss on the sale.
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