The Following Details Are Provided by Western Wear Merchandisers Calculate the Amount of Net Purchases

question 237

Multiple Choice

The following details are provided by Western Wear Merchandisers.The company uses the periodic inventory system. $\begin{array}{|l|c|}\hline \text { Net Sales } & \$ 202,000 \\\hline \text { Purchases } & 94,000 \\\hline \begin{array}{l}\text { Purchase Returns and } \\\text { Allowances }\end{array} & 1,600 \\\hline \text { Prchase Discounts } & 1,200 \\\hline \text { Freight In } & 1,500 \\\hline \begin{array}{l}\text { Beginning Merchandise } \\\text { Iventory }\end{array} &63,000 \\\hline \text {Ending Merchandise Inventory } & 37,000\\\hline\end{array}$ Calculate the amount of net purchases.

• A) $154,200
• B) $89,700
• C) $91,200
• D) $108,000

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Definitions:

Rational Emotive Therapy

A psychotherapy procedure introduced by Ellis that examines the irrational reasoning causing emotional problems.

A-B-C Process

A model in cognitive behavioral therapy outlining the sequence of Antecedent, Behavior, and Consequence.

Goals

Targets or outcomes that an individual or organization aims to achieve, which guide behavior and decision-making.

De Jure Corporation

refers to a corporation that is legally incorporated and recognized by the state, fulfilling all statutory requirements.