or the current fiscal year, Purchases were $187,000, Purchases Returns and Allowances were $4,200 and Freight In was $10,500. If the beginning merchandise inventory was $98,000 and the ending merchandise inventory was $103,000, the Cost of Goods Sold is: Multiple Choice $188,300 $196,700 $167,300 $193,300 Pre Question 5 of 20 Total 5 of 20 Visit question mapNext

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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agriculture and oil. natural resources, industry.

the correct answer is d. wealthy colonists to take care of the less fortunate. hope this

answer; microeconomics;