A Company That Uses the Periodic Inventory Method Provides the Following

question 20

Multiple Choice

A company that uses the periodic inventory method provides the following information:
$\begin{array} { l r } \text { Beginning inventory } & \$ 4,000 \\\text { Purchases } & \$ 120,000 \\\text { Purchase discounts } & \$ 2,400 \\\text { Purchase returns and allowances } & \$ 800\end{array}$
At the end of the period,the company does an inventory count and finds $16,000 of inventory on hand.
How much is the Cost of goods sold?

• A) $104,800
• B) $111,200
• C) $108,000
• D) $128,800

Recognize the advantages and rationale behind adopting a common language in multinational corporations.

Demonstrate knowledge of intercultural competence within a business context.

Analyze the complexity of nonverbal communication and its impact on intercultural interactions.

Understand the importance and methods of scaffolding in child development as proposed by Vygotsky.

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Definitions:

Government Grants

Funds provided by the government to organizations, businesses, or individuals for specific purposes, without any repayment obligation, often to support projects or innovations.

Private Donations

Contributions made by individuals or private entities to nonprofit organizations without expecting anything in return.

Translation Gains

Profits resulting from converting the financial statements of a foreign subsidiary into the parent company's reporting currency, reflecting changes in exchange rates.

Autonomous Subsidiaries

Subsidiary companies that operate independently with their own management and decision-making processes, despite being owned by a parent company.