Hocking Duck Reports for 2014 $$\begin{array} { l r } \text { B eginning inventory } & \$ 30000 \\\text { Ending inventory } & 40000 \\\text { Cost of sales } & 90000\end{array}$$

question 15

Multiple Choice

Hocking Duck reports for 2014: $$\begin{array} { l r } \text { B eginning inventory } & \$ 30000 \\\text { Ending inventory } & 40000 \\\text { Cost of sales } & 90000\end{array}$$ Determine credit purchases for the year.

• A)$100 000
• B)$90 000
• C)$110 000
• D)$140 000

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Definitions:

Decisions

The process of making choices among various alternatives to achieve a desired outcome.

Suggestions

Recommendations or pieces of advice aimed at proposing a course of action.

Efficiency Wage Theory

Explanation for the presence of unemployment and wage discrimination which recognizes that labor productivity may be affected by the wage rate.

Productivity

The measure of the efficiency of production, often quantified as output per unit of input.