At the Beginning of 2018,Midway Hardware Has an Inventory of $400,000.Because

question 35

Multiple Choice

At the beginning of 2018,Midway Hardware has an inventory of $400,000.Because sales growth was strong during 2018,the owner wants to increase inventory on hand to $450,000 at December 31,2018.If net sales for 2018 are expected to be $1,600,000,and the gross profit rate is expected to be 35%,compute the cost of the merchandise the owner should expect to purchase during 2018.

• A)$1,490,000.
• B)$1,040,000.
• C)$1,090,000.
• D)$1,600,000.

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Definitions:

Group Cohesion

A property of a group, specifically the degree to which members of a group desire to remain in that group and resist leaving it. A highly cohesive group will maintain a firm hold over its members’ time, energy, loyalty, and commitment.

Task Cohesion

Task cohesion refers to the level of unity and commitment among members of a group or team towards achieving a common goal.

Social Cohesion

The bonds or "glue" that bring people together in society, fostering a sense of belonging and mutual support.

Presumed Competence

The assumption that an individual is capable and knowledgeable in a certain area without needing explicit evidence.