A company that uses the periodic inventory provides the following information:
1. Beginning Inventory $15,000
2. Net Purchases $94,000
At the end of the period, the company does an inventory count and finds $12,000 of inventory on hand
What is the amount of cost of goods sold?
A) $94,000
B) $121,000
C) $97,000
D) $82,000
C .
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Answer the following statement(s) true (T) or false (F)
1. Channels can create efficiency for consumers and brands. 2. A team of sales representatives is an example of a channel. 3. Customers purchasing patterns will always match a companies' preferred channel for selling its products. 4. Differentiation, access to new markets, economies of scale, efficiency, and creating barriers to competition are all reasons why channels are needed. 5. Opportunities and threats are both internally focused.
Bad debts expense appears on the balance sheet
Indicate whether the statement is true or false