Âoaktree, inc. is a merchandiser of inlaid wooden boxes. the company sold 7,500 units during the year. the company has provided the followingâ information:

sales revenue $566,000
purchasesâ (excluding freightâ in) 305,000
selling and administrative expenses 68,000
freight in 13,000
beginning merchandise inventory 45,000
ending merchandise inventory 42,000

what is the cost of goods sold for theâ year?

a. $320,000
b. $362,000
c. $305,000
d. $318,000

Which basic economic questions deals with the issue of how the incomeof people in various occupations is determined

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.