Use This Information to Answer the Following Question

question 48

Multiple Choice

Use this information to answer the following question. In addition,beginning merchandise inventory was $44,000 and ending merchandise inventory was $28,000.
Net cost of purchases for the period were

• A) $154,000.
• B) $90,000.
• C) $114,000.
• D) $138,000.

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Definitions:

Liberalism

An ideology that upholds the values of autonomy, approval by those governed, and impartiality in legal matters.

Libertarianism

The political philosophy according to which the government should punish crimes and enforce voluntary agreements but not redistribute income.

Income Redistribution

The reallocation of income across a society through taxation, monetary policies, and welfare systems.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.