Answer :
The cost of goods sold is 2,30,000$, if the balance of the merchandise inventory account is decreased by $20,000.
Why do we buy things?
When buying a new product, buyers are primarily motivated by seven fundamental variables. Along with security, FOMO, identity and belonging, pricing, peer recommendations, obligation, anxiety, price, and enjoyment, our motivations also include necessity and convenience.
How does purchasing power work?
The worth of a currency is determined by how many goods or services one unit of that currency can be used to purchase. Inflation may cause it to deteriorate over time. This is due to the fact that you may acquire fewer items or services as a result of increased pricing.
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