Answer:
x is 13
Step-by-step explanation:
Answer:
$440,000
Step-by-step explanation:
Sales : $1,800,000
Gross profit : (30% × 1,800,000) : $540,000
Cost of goods sold (Sales-profit) : $1260,000
Beginning inventory : $500,000
Purchasing : $1,200,000
Total : $1,700,000
Goods sold (subtract) : $1,260,000
Closing inventory : $440,000
The easiest way to isolate the variable is to multiply by the reciprocal. This leaves n on the left and 12*(5/3) on the right.
The answer is 20