A Company That Uses the Periodic Inventory System Provided the Following

question 76

Multiple Choice

A company that uses the periodic inventory system provided the following information:
1.Beginning inventory $6,000
2.Purchases $130,000
3.Purchase discounts $2,400
4.Purchase returns and allowances $600
At the end of the period,the company does an inventory count and finds $16,000 worth of inventory on hand.What is the amount of cost of goods sold?

• A)$117,000
• B)$104,200
• C)$149,000
• D)$128,800

Identify barriers to effective performance and how training can address them.

Understand how external requirements (e.g., laws, regulations) influence the need for certain training programs.

Understand the application and utility of Mager and Pipe's decision tree in addressing performance issues.

Recognize what compliance training entails and be able to provide examples.

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Definitions:

Fertility

The natural capability to produce offspring, often involving the production of healthy eggs and sperm, and the ability of these gametes to unite and grow into a new organism.

Projected Budget

An estimate of income and expenditure for a future period, typically used for planning and monitoring organizational financial objectives.

Financial Projections

Estimates of a company's future financial performance, including income, expenses, and cash flow, based on current data and trend analysis.

Appendices

Additional sections of a document that provide supplementary information.