If Sales = $45 000,purchases = $25 000,beginning Inventory =

question 33

Multiple Choice

If sales = $45 000,purchases = $25 000,beginning inventory = $10 000 and ending inventory = $8000 cost of sales is:

• A)$18 000
• B)$27 000
• C)$7000
• D)$20 000

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Definitions:

Medium Range

Refers to a period or distance that is neither short nor long, often contextually defined, such as in planning or forecasting.

Mathematical Model

A representation in mathematical terms of a real-world situation, using equations to simulate and study complex phenomena.

Time Horizon

The length of time over which an investment, project, or strategic plan is expected to unfold or achieve its goals.

Advertising/Promotion

Techniques and strategies used to communicate the benefits of a product, service, or brand to encourage sales.