Calculate the Missing Figures (A-K) in Each of the Following

question 66

Short Answer

Calculate the missing figures (a-k) in each of the following independent scenarios.

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Sales	Merchandise Inventory	Physical Inventory Count	Unadjusted Cost of Goods Sold	Inventory Shrinkage	Adjusted Cost of Goods Sold	Gross Profit
64	20	18	26	a)	b)	c)

a) ________
b) ________
c) ________

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Definitions:

Belief Perseverance

The tendency to cling to one's initial belief even after receiving new information that contradicts or disconfirms the basis of that belief.

Confirmation Bias

A predisposition to identify, comprehend, prioritize, and recollect facts in ways that corroborate one’s existing beliefs or suppositions.

Overconfidence Bias

The tendency for an individual to overestimate their abilities, knowledge, or performance capabilities.

Hindsight Bias

The tendency to believe, after learning an outcome, that one would have foreseen it, often referred to as the "I-knew-it-all-along" effect.