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Determine cost of goods sold based on the following information: Sales Discounts $36,000 Purchase Discounts $14,000 Sales Returns & Allowances 16,000 Purchase Returns & Allowances

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Determine cost of goods sold based on the following information: Sales Discounts $36,000 Purchase Discounts $14,000 Sales Returns & Allowances 16,000 Purchase Returns & Allowances 5,000 Sales Revenue 99,500 Purchases 69,000 Freight-in 2,000 Allowance for Bad Debts 3,700 Beginning Inventory 9,500 Ending Inventory 4,800 (Please enter a round number without decimal places.) Question 13 4 pts Trouble Company purchased equipment on January 1, 2016, for $60,000. It is estimated that the equipment will have a $5,000 salvage value at the end of its 5-year useful life. It is also estimated that the equipment will produce 100,000 units over its 5-year life. Suppose the company uses the units-of-activity depreciation method. If 16,000 units of product are produced in 2016 and 24,000 units are produced in 2017, what is the book value of the equipment at December 31, 2017? (Please enter a round number without decimal places.) Question 9 4 pts The following information pertains to April 2019 for Eddington Enterprises: Beginning inventory 10 units @ $1,000 per unit First purchase 25 units @ $1,400 per unit Second purchase 25 units @ $1,800 per unit Ending inventory 20 units Using the Weighted Average method, determine the total cost of the ending inventory. (Please enter a round number without decimal places.) Question 10 4 pts Greg Glavine, a free agent pitcher, received two offers to play baseball in 2019: Braves - will pay him $12,200,000 immediately. Indians - will pay him $2,900,000 immediately plus three equal annual installments of $x, commencing one year from now. Calculate X such that Greg would be indifferent between the two offers (assume an interest rate of 8%). (Please enter a round number without decimal places.)

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