A Merchandiser Uses a Perpetual Inventory System

question 21

Multiple Choice

A merchandiser uses a perpetual inventory system.The beginning Owner,Capital balance of the merchandiser was $120,000.During the year,Sales Revenue amounted to $80,000,Cost of Goods Sold was $45,000,and all other expenses totaled $12,000.Owner withdrawals were $27,000.There were no new capital contributions during the year.The ending balance of Owner,Capital would be ________.

• A) $143,000
• B) $116,000
• C) $170,000
• D) $120,000

---

Definitions:

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Animal Research

Scientific studies conducted on animal subjects to gain insights into biology, behavior, diseases, and the testing of medicines and procedures intended for human use.

Behavioural Approach

A psychological perspective emphasizing observable behaviors and the ways in which they are learned from the environment.

Self-Concept

An individual's awareness and perception of themselves, including their beliefs, feelings, and thoughts about their own identity.