Anson Corp. has $20,000 worth of chairs on January 1st, 2018, and it bought $35,000 worth of chairs throughout 2018. If the company has $15,000 worth of chairs left on December 31st, 2018, what is the cost of goods sold in 2018? O a. $70,000 O b. $20,000 O c. $40,000 O d. $55,000

Anson Corp. has $20,000 worth of chairs on January 1st, 2018, and it bought $35,000 worth of chairs throughout 2018. If the company has $15,000 worth of chairs left on December 31st, 2018, what is the cost of goods sold in 2018? O a. $70,000 O b. $20,000 O c. $40,000 O d. $55,000

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.

Question

Anson Corp. has $20,000 worth of chairs on January 1st, 2018, and it bought $35,000 worth of chairs throughout 2018.
If the company has $15,000 worth of chairs left on December 31st, 2018, what is the cost of goods sold in 2018?
O a. $70,000
b. $20,000
O c. $40,000
d. $55,000
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