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Author Question: An inventory system in which merchandise is physically counted at least once a year to determine the ... (Read 41 times)

future617RT

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on: Jun 24, 2018
An inventory system in which merchandise is physically counted at least once a year to determine the value of goods available for sale is known as a periodic inventory system.
  Indicate whether the statement is true or false

Question 2

A discount clothing store buys shirts and slacks with a list price of 12,750. If the wholesaler offers trade discounts of 15/25/15, find the single equivalent discount.
 A) 0.444375
  B) 0.357896
  C) 0.458125
  D) 0.352852


cdmart10

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Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


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