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Author Question: The Novelty Shop had sales of 510,000 over the last year. The beginning inventory at retail was ... (Read 93 times)

kshipps

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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

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

TRUE

Answer to Question 2

B


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