Answer:
$860,400
Explanation:
Cholla, Inc.’s
Cost of goods sold = Beginning inventory + Purchases − Ending inventory
Purchases = Cost of Goods Sold − Beginning Inventory + Ending Inventory
Cost of Goods Sold $801,000
Less Beginning Inventory ($77,400 )
$723,600
Add Ending Inventory $ 136,800
Amount of inventory purchased $860,400
Therefore the amount of inventory that was purchased during the year was $860,400.
Mean while the consignment inventory is not owned by the company and is not as well considered in the Cost of Goods Sold equation.
It should be noted that the contribution margin is first used to cover fixed expenses.
<h3>
What is contribution margin?</h3>
The contribution margin simply shows you the aggregate amount of revenue that is available after variable costs to cover fixed expenses.
Contribution margin is first used to cover fixed expenses. Once the break-even point has been reached, the contribution margin becomes profit.
Learn more about contribution margin on:
brainly.com/question/24962994
Answer:
c. brand advertising
Explanation:
<em>c. brand advertising </em>
It engage the consumer to purchase the product or service being advertised.
a. internal advertising
this adverize is done to hire vacants inside the company instead of hiring from utside the company
b. corporate advertising
Is done to put into radar of consumer the entire organization or company. It d not advertize for an individual brand or product.
d. institutional advertising
It is done to focus on the benefits, ideas, or philosophies of the organization. It is done to iprove the reputation. It buils positive image. It do not sale a product or service.
Answer: 13.1%
Explanation:
Using the Capital Asset Pricing Model, the expected return is;
Expected Return = Risk Free rate + beta(expected return - risk free rate)
= 4% + 1.3( 11% - 4%)
= 4% + 9.1%
Expected Return = 13.1%
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