TradeOK8054 TradeOK8054
  • 10-03-2019
  • Business
contestada

During the year, a company's inventory decreased by $20,000. if the company's cost of goods sold for the year was $400,000, find the amount for purchases.

Respuesta :

MsTeel
MsTeel MsTeel
  • 20-03-2019

Purchases for the year = $380,000

Cost of goods sold =  change in inventory + purchases

Make purchases = x, solve for x

400,000 = 20,000 + x

x= 380,000

Answer Link

Otras preguntas

Which of the following definitions best describes a browser? a block of information stored in an HTML file on the server a collection of interrelated web pages
What kind of clouds are made of tiny ice particles and appear white and feathery?
Rick says to find 2 x 5 he can use counting by 5s: 5, 10, 15, 20, 25. Explain what he did wrong.
Cuantos siglos duró la cultura mexica
In states, cities, and townships, traffic courts are courts of limited A. jurisdiction. B. appeal. C. claims. D. pleas.
Oración con la palabra mujer
What interferes with river flow?
In the context of this passage, which of the following is a synonym for alleged? A intended B claimed C denied D revealed
The nucleus is NOT found in plant cells. animal cells. eukaryotic cells. none of the above
What times what equals 24 and sums to 17