Marcy's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter repoi the company reported Cost of Goods Sold of $2,900 million, ending inventory for the third quarter of $4,600 million, and ending inventory for the previous quarter of $4,100 million. Estimate merchandise purchases for the third quarter. (Enter your answer in millions.) Merchandise Purchases million

Purchases is $3400  million

Explanation:

Cost of goods formula comes readily helpful in this case.

Cost of goods sold=beginning inventory+purchases-ending inventory

by arranging the formula,the purchases formula is given thus:

Purchases=cost of goods sold-beginning inventory+ending inventory

cost of goods sold is $2,900 million

ending inventory is $4,600 million

beginning inventory is $4,100 million

purchases=($2,900-$4,100+$4,600) million

purchases=3400  million

answer; the above statement is (true);

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )