Calculate the Cost of Goods Sold for a Merchandiser Using

question 85

Multiple Choice

Calculate the cost of goods sold for a merchandiser using the periodic inventory system from the following details. $$\begin{array} { | l | r | } \hline \text { Purchases } & \$ 500,000 \\\hline \text { Beginning Merchandise Inventory } & 175,000 \\\hline \text { Purchase Returns and Allowances } & 50,000 \\\hline \text { Purchase Discounts } & 12,000 \\\hline \text { Freight In: } & 15,000 \\\hline \text { Ending Merchandise Inventory } & 150,000 \\\hline\end{array}$$

• A) $500,000
• B) $478,000
• C) $490,000
• D) $625,000

Understand the concept and calculation of the profitability index for investment decisions.

Calculate and interpret the after-tax accounting rate of return on investments.

Evaluate investment options based on net present value and profitability index.

Analyze the tax effects of depreciation and investment allowances on investment decisions.

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Definitions:

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The ability of microorganisms to withstand the effects of antibiotics, making them ineffective at treating infections.

Genetic Exchange

The process by which genetic material is transferred between organisms, leading to genetic variation.

Transformation

The genetic alteration of a cell by the direct uptake, incorporation, and expression of exogenous genetic material from its surroundings.

Conjugation

A process in microbiology where two bacteria transfer genetic material between each other through direct contact.