« previous next »

Author Question: The Novelty Shop had sales of 510,000 over the last year. The beginning inventory at retail was ... (Read 51 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
on: Jun 24, 2018
The Novelty Shop had sales of 510,000 over the last year. The beginning inventory at retail was 209,000 and the ending inventory at retail was 179,000.  The inventory turnover at retail is 2.62 times.
  Indicate whether the statement is true or false

Question 2

A small retailer buys goods from a vendor with an invoice amount of 9,100. The terms of the sale are 2/10, n/30. What is the net amount due on the goods if the bill is paid by the 10th day?
 A) 182
  B) 8,918
  C) 8,640
  D) 910


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
Video: Reflex arc construction

For a complete list of videos, visit our video library