Acompany had sales revenue of $800,000 for the year. in addition, the following information is available related to the cost of the units sold: gross profit $ 340,000 total purchase cost ? freight charges 20,000 purchase returns 80,000 operating expenses 150,000 purchase discounts 40,000 what was the total purchase cost of the units sold?

$410,000

Explanation:

Given:

Sales = $800,000

Gross profit = $340,000

Cost of goods sold = Sales - Gross profit

                              = 800,000 - 340,000

                              = $460,000

Now, Cost of goods sold = Purchases + operating expenses

Purchases = Purchase cost + freight charges - purchase returns - purchase discount

Substituting the above formula in cost of goods sold equation we get,

Cost of goods sold = (Purchase cost + freight charges - purchase returns - purchase discount) + operating expenses

460,000 = (Purchase cost + 20,000 - 80,000 - 40,000) + 150,000

460,000 = Purchase cost + 50,000

Purchase cost = $410,000

Total purchase cost is $410,000.

The scenario of Fallacious and valid arguments is as follows...

Explanation:

God Rama was powerful, therefore all-powerful people are god.God Rama saw a buck and then got in a trap. buck is bad luck.God Rama was trapped by the buck. Therefore buck makes people trapped. God Rama work so hard to keep fit, so everyone should work hard as Rama did.I believe that God Rama was great because of everyone believe that.