Assuming That Net Cost of Purchases Was $116,000 During the Year

question 84

Multiple Choice

Assuming that net cost of purchases was $116,000 during the year and that ending merchandise inventory was $2,000 less than the beginning merchandise inventory of $25,000,how much was cost of goods sold?

• A) $139,000
• B) $143,000
• C) $118,000
• D) $93,000

Understand sampling methods in research, including simple random sampling and area sampling.

Distinguish between primary and secondary research, including their characteristics and costs.

Acknowledge the importance of evaluation and analysis of data for it to become meaningful information.

Understand the distinction between primary and secondary research methods and their applications.

---

Definitions:

Telephone Calls

A form of real-time voice communication between two or more people using telephones, over a distance.

Professional Cell Phone

A mobile phone dedicated for work or business purposes, distinct from a personal device, often with features and apps suited to professional needs.

Screen Incoming Calls

A process of evaluating incoming calls to determine their importance or urgency, often to prioritize or filter them.

Business Telephone Call

A telecommunications interaction in a professional context, often aimed at discussing matters related to work or transactions.