This topic contains a solution. Click here to go to the answer

Author Question: Banner, Inc. purchases 45,000 of merchandise from a vendor with credit terms of 2/10, n/30. Assuming ... (Read 18 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
Banner, Inc. purchases 45,000 of merchandise from a vendor with credit terms of 2/10, n/30. Assuming that Banner pays within the discount period, the total cost of the inventory is ________.
 
  A) 45,900
  B) 45,000
  C) 40,500
  D) 44,100

Question 2

In the retail inventory method, the cost to retail ratio is equal to the cost of merchandise sold divided by the retailprice of the merchandise sold.
 a. True
  b. False
 
   Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

D

Answer to Question 2

False




brutforce

  • Member
  • Posts: 540
Reply 2 on: Jul 5, 2018
Gracias!


6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library