Business, 15.04.2020 02:57 basketking333

The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). Required:

Determine the missing numbers.

2013 2014 2015
Beginning inventory 225
Cost of goods sold 627 621
Ending inventory 225 216
Cost of goods available for sale 876 800
Purchases (gross) 630 585
Purchase discounts 18 15
Purchase returns 24 30 14
Freight-in 13 32 16

Answers: 3

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Answers

Answer from: weeblordd

Explanation:

using the following formulars

Net purchase = (Gross Purchase) - (purchase return) - (purchase discount) + freight-in

Beginning inventory + Net purchases = cost of goods available for sales

Cost of goods sold = cost of goods available for sale - ending inventory

for 2013 we have that

beginning inventory = cost of goods available for sale - net purchases

Net purchases = 630 - 24 - 18 + 13 = 601

2013, beginning inventory = 876- 601 = 275

Ending inventory = 876 - 627 = 249

2014,

Begning inventory = closing inventory of 2013 = 249

Cost of goods available for sale = 621 + 225 = 846

Net purchase -Cost of goods available for sale - beginning inventory = 846 - 249 = 597

Gross purchase = 597 + 15 + 30 - 32 = 610

2015

Cost of good sold = 800 - 216 = 784

Net purchase = 800 - 225 = 575

purchase discount = 585 -575 - 14 + 16 = 12

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C. piggy bankbecause everything has interest rates over a period of time whereas a personal keeping of money has no other interaction therefore no interest rates.
Which of the following will typically offer zero interest rate?

Which of the following will typically offer zero interest rate?

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1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

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determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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The Playa Company has the following information in its records. Certain data have been intentionally...

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