For the current fiscal year, Purchases were... For the current fiscal year, Purchases were $305,000, Purchases Returns and Allowances were $9,100, Purchases Discounts were $3,100 and Freight In was $41,000. If the beginning merchandise inventory was $66,000 and the ending merchandise inventory was $87,000, the Cost of Goods Sold is: a. $266,200
b. $281,200
c. $272,800
d. $251,200

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading

Tariffs and quotas are often imposed when a government is more responsive to interests, and the benefits of those trade restrictions are often ; concentrated producer; widely dispersed consumer; widely dispersed consumer; concentrated