If Cost of Goods Sold Is $145,000 and the Beginning

question 7

Multiple Choice

If Cost of goods sold is $145,000 and the beginning and ending Inventory balances are $18,000 and $13,000, respectively, the net purchases of inventory are:

• A) $145,000
• B) $140,000
• C) $150,000
• D) $132,000

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Definitions:

Machiavellian Tendencies

Machiavellian tendencies describe a person's inclination to be cunning, strategic, and unscrupulous in manipulating others for personal gain, drawing from the philosophy of Machiavelli.

Emotional Insecurity

Refers to a state of feeling uncertain or anxious about oneself, often affecting one's sense of confidence and ability to engage with others.

Law Of Reciprocity

A social principle stating that if someone does something for you, you feel a compulsion to return the favor.

Organizational Politics

The activities aimed at improving someone's status or position within an organization and involve tactics like networking and alliance formation.