Excellence in Business Communication (12th Edition)
Excellence in Business Communication (12th Edition)
12th Edition
ISBN: 9780134319056
Author: John V. Thill, Courtland L. Bovee
Publisher: PEARSON
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Chapter 14, Problem 18LOC
Summary Introduction

To determine: An efficient and effective way by which handout material can be prepared, such that maximum utility can be extracted out of it.

Introduction: Handouts are always a source of information and it is essential that the presenter don’t clutter his/her handouts with too much information.

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Simba Pets uses the perpetual inventory system. At the beginning of the quarter, Simba Pets has $42,000 in inventory. During the quarter, the company purchased $9,200 of new inventory from a vendor, returned $1,500 of inventory to the vendor, and took advantage of discounts from the vendor of $300. At the end of the quarter, the balance in inventory is $34,500. What is the cost of goods sold? A. $15,500 B. $14,900 C. $13,500 D. $16,200
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