Adams Corporation uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the month of September 2016: Cost Retail Beginning inventory $21,800 $38,200 Net purchases 10,900? Net markups 8,000 Net markdowns 2,000 Net sales ?

The company used the average cost flow method and estimated inventory at the end of September to be $17,494.50. If the company had used the LIFO cost flow method, the cost-to-retail percentage would have been 50%.

Required: Compute net purchases at retail and net sales for the month of September.

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

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Adisadvantage of corporations is that shareholders have to pay on profits.