1. The following relate to Data Original in 2010. What is the ending inventory? Purchases $540,000 Beginning Inventory 80,000 Purchase Returns 10,000 Sales 800,000 Cost of Goods Sold 490,000 a. $120,000 b. $140,000 c. $210,000 d. $260,000 e. none of the answers are correct.
2. What are the 3 fundamental decisions that are of concern if a finance team and what is the impact of these on the balance sheet?
3. "Each salesperson supports an average of 12.9 other jobs within the company." Briefly explain what is meant by this statement. Be specific.