From the Following Details of a Merchandiser, Calculate the Cost

question 231

Multiple Choice

From the following details of a merchandiser, calculate the cost of goods sold. (Assume the merchandiser uses the periodic inventory system.) $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 200,000 \\\hline \text { Purchases } & 90,000 \\\hline \text { Purchase Returns and Allowances } & 1,900 \\\hline \text { Purchase Discounts } & 1,300 \\\hline \text { Freight In } & 1,850 \\\hline \text { Beginning Merchandise Inventory } & 64,000 \\\hline \text { Ending Merchandise Inventory } & 37,000 \\\hline\end{array}$$

• A) $115,650
• B) $59,800
• C) $113,800
• D) $51,650

Understand the concept of payback period and its application in evaluating investment projects.

Learn how to calculate and interpret the internal rate of return (IRR) for various projects.

Grasp the principles of discounted cash flow (DCF) and their use in investment decisions.

Understand the concept of net present value (NPV) and profitability index as methods of investment appraisal.

---

Definitions:

Death Penalty

A legal process where a person is put to death by the state as a punishment for a crime.

Hate Crime

A criminal act motivated by prejudice or hatred towards a particular group based on race, religion, sexual orientation, or other characteristics.

Grand Apartheid

The systematic and institutionalized racial segregation and discrimination enforced by the South African government before 1994.

Arrest-Related Deaths

Fatalities that occur while an individual is being apprehended, detained, or in the custody of law enforcement.