Sampson Company's Accounting Records Show the Following at the Year

question 114

Multiple Choice

Sampson Company's accounting records show the following at the year ending on December 31, 2017. $$\begin{array} { l r } \text { Purchase Discounts } & \$ 11,200 \\\text { Freight-In } & 15,600 \\\text { Purchases } & 700,020 \\\text { Beginning Inventory } & 47,000 \\\text { Ending Inventory } & 57,600 \\\text { Purchase Returns and Allowances } & 12,800\end{array}$$ Using the periodic system, the cost of goods sold is

• A)$702,220.
• B)$697,820.
• C)$681,020.
• D)$719,020.

---

Definitions:

Demand Characteristics

Features of an experiment that communicate to the participant the experimenter’s hypothesis.

Margin Of Error

A statistic measure of the amount of random sampling error in a survey’s results—for example, a 3% margin of error means that the survey’s result could be 3% lower or 3% higher than the average response—the larger the sample is, the smaller the margin of error is.

Measurement Validity

The extent to which a tool, test, or instrument accurately measures what it is intended to measure.

Freudian Psychoanalysis

A theoretical approach in psychology that emphasizes unconscious motivations and conflicts as the basis of human behavior, developed by Sigmund Freud.