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Licemer1 [7]
2 years ago
12

Last year, Natalie submitted her idea for a redesigned bicycle seat on the Fast Flyers Bikes website. She learned this week that

out of the 250 designs submitted, her idea was voted as the winning design by other biking enthusiasts. What is this an example of?
Business
1 answer:
Tems11 [23]2 years ago
4 0

Answer:

microblogging

Explanation:

Natalie has submitted her idea in a website. Her idea was supported by greater number of people. Natalie did not expected that her idea would gain such significance and will be voted as winning.

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$150,000

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Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,

Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)

Beginning Inventory = $160,000 in retail

Net purchases = $500,000 in retail +$10,000 Markups

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So, End Inventory = 160,000+500,000+10,000-500,000

End Inventory = $150,000

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