Baden shoe store has a beginning merchandise inventory of $15k. during the period, purchases were $70k; purchase return $2k; and freight-in $5k. a physical count of inventory at the end if the period revealed that $10k was still on hand. the cost of goods available for sales are

$88,000

Explanation:

Merchandise inventory at the beginning = $ 15000

Purchases = $ 70000

Purchase returns = $ 2000

Freight in = $ 5000

Now,

Cost of Goods available for Sales = Inventory at the beginning + Cost of Purchases

Now, the total cost of purchase = Purchases + Freight In – Purchases Returns

on substituting the values in the above formula, we have

Cost of Purchases = $70,000 + $5,000 - $2,000

Cost of Purchases = $73,000

thus,

Cost of Goods available for Sales = Inventory at the beginning + Cost of Purchases

or

The cost of goods available for sales = $15,000 + $73,000

The cost of goods available for sales = $88,000

i think you have to let the moderators that you want your old account to be activated.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20