What Is the Formula Used to Calculate Net Purchases

question 15

Multiple Choice

What is the formula used to calculate net purchases?

• A)Purchases less Purchase Returns and Allowances plus Purchase Discounts less freight-in
• B)Purchases plus Purchase Returns and Allowances less Purchase Discounts plus freight-in
• C)Purchases less Purchase Returns and Allowances less Purchase Discounts plus freight-in
• D)Beginning Inventory less Purchases

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Definitions:

Responsibility

The obligation to act correctly and make decisions that reflect an awareness of the impacts on oneself and others.

Existential Therapies

A group of psychotherapeutic approaches that emphasize dealing with existential questions and concerns, focusing on themes such as freedom, death, existential isolation, and meaninglessness.

Unconditional Positive Regard

A concept in client-centered therapy postulating that the therapist accepts and supports the client, no matter what they say or do, helping clients to feel more comfortable and open with their feelings.

Authentic

The quality of being genuine, true to oneself, and transparent in one’s interactions and existence.