Company a Purchased Inventory for $100,000

question 137

Multiple Choice

Company A purchased inventory for $100,000. In addition they had purchase returns of $7,000 and paid freight-in of $8,000.Company A's net purchases would be:

• A) $ 85,000.
• B) $ 99,000.
• C) $101,000.
• D) $115,000.

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Definitions:

Mud Statues

Refers specifically to figures crafted from earth materials like clay, often in a cultural or artistic context, but remains unrelated to economic jargon.

Total Cost

The complete expense incurred in the production of goods or services, including both fixed and variable costs.

Loan

Borrowed money that is expected to be paid back with interest.

Variable Cost

Expenses that vary directly with production output.