The Following Pertains to Periodic Inventory: Compute the Net Purchases

question 55

Multiple Choice

The following pertains to periodic inventory: Compute the Net purchases. $\begin{array}{|l|r|}\hline\text { Net sales } & \$ 198,000 \\\hline\text { Purchases } & 92,000 \\\hline \text { Purchases returns and allowances } & 1,800 \\\hline \text { Purchases discounts } & 1,250 \\\hline \text { Preight in } & 1,590 \\\hline \text { Beginning merchandise inventory } & 63,000 \\\hline \text { Ending merchandise inventory } & 37,000\\\hline\end{array}$

• A) $25,950
• B) $87,360
• C) $88,950
• D) $106,000

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Definitions:

Brand Associations

The thoughts, feelings, perceptions, and beliefs that consumers have about a brand, which can be shaped by marketing efforts and experiences.

Quantitative Research

A research method focused on gathering numerical data and performing statistical, mathematical, or computational techniques to gain insights.

Qualitative Research

Research that explores phenomena through non-numerical data, focusing on understanding concepts, thoughts, and experiences.

Zaltman Metaphor Elicitation Technique

A technique in market research that uses visual stimuli to elicit deep, unconscious thoughts and feelings from consumers regarding a product or service.