A retail store has goods available for sale of $2 million at retail and $1,100,000 at cost, and ending inventory of $160,000 at retail. What is the estimated cost of ending inventory?
A) $128,000
B) $160,000
C) $110,000
D) $88,000
D
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In the 21st century, with the proliferation of social media and talk shows where hosts and guests say whatever they want, it is clear that ________
A) defamation has become less complex but more devastating B) defamation is more complex and more global C) defamation is more devastating and more complex D) defamation is no longer a major issue in the 21st century
Limited resources and limited demand for a product are generally referred to as
A) resources. B) problems. C) constraints. D) optima. E) contribution factors.
To write more concisely, should you avoid using words that end in tion or sion?
A) Yes. B) No.
All of the following statements about balance sheets are true EXCEPT
A) Assets - Liabilities = Shareholders' Equity. B) balance sheets show average asset balances over a one-year period. C) a balance sheet reports a company's financial position at a specific point in time. D) assets are reported at historical cost.