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Question - ABC Ltd. uses the periodic inventory system and has the following information for 2016.
Sales $2,000,000
Beginning Inventory 500,000
Purchases 120,000
Ending Inventory 200,000
Calculate the cost of goods sold for ABC Ltd. in 2016?
a. $2,420,000
b. $620,000
c. $420,000
d. $200,000
if a business manager deposits 30000 in a savings account at the end of each year for 20 years what will be the value
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