If a Firm Has Purchases of $50,000,a Starting Inventory of $35,000

question 2

Multiple Choice

If a firm has purchases of $50,000,a starting inventory of $35,000 and the cost of goods sold is $45000,what is the dollar amount of its ending inventory?

• A)$40,000
• B)$80,000
• C)$85,000
• D)$130,000

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Definitions:

Binding Problem

A concept in neuroscience and psychology regarding how the brain integrates multiple sensory attributes to produce a unified perception of an object.

Unify

To bring together into a single unit or entity; to make or become united.

Perceive

To become aware or conscious of something through the senses.

Brain Areas

Pertains to distinct regions of the brain that have specialized functions, such as the frontal lobe for decision making or the hippocampus for memory.