Hound Dog Bisquits Reported the Following Financial Data for 2016

question 89

Essay

Hound Dog Bisquits reported the following financial data for 2016 and 2017:
$\begin{array}{lrr}&2016&2017\\\text { Sales } & \$ 700,000 & \$ 600,000 \\\text { Sales returns and allowances } & (10,000)&(D)\\\text { Net sales } & \underline{690,000} & \underline{580,000} \\ \text { Cost of goods sold. } & &\\\text { Inventory, January } 1 & 30,000 & \mathbf{E} \\\text { Net purchases } & \mathbf{A} & 340,000 \\\text { Goods available for sale } & 250,000 & 380,000 \\\text { Inventory, December } 31 & \underline{(40,000)} & (30,000)\\\text { Cost of goods sold}&B&F\\\text {Gross profit }&C&G\\&---&---\end{array}$
Provide the answer for each missing letter above.

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Definitions:

Ecological Validity

The idea that cognition should be measured in settings that are as realistic as possible and that the abilities measured should be those needed in real life.

Recognition

The ability to identify previously encountered objects, ideas, or situations, often used as a measure of memory in cognitive psychology.

Priming

A psychological phenomenon where exposure to a stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Recall

The cognitive process of retrieving information from memory, which can be influenced by various factors such as the method of encoding, the context of recollection, and the passage of time.