This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The method of inventory estimation using a company's gross margin percent to estimate the ending ... (Read 120 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
The method of inventory estimation using a company's gross margin percent to estimate the ending inventory is called the net income method.
  Indicate whether the statement is true or false

Question 2

Hard Blues Music buys CDs with a list price of 32,000. If the wholesaler offers trade discounts of 3/2/1, find the net price factor.
 A) 0.35005
  B) 0.65021
  C) 0.94109
  D) 0.52484


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

C


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 24, 2018
Thank you


alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
Testing for Glucose in Urine Using the Tablet Method Testing for Glucose in Urine Using the Tablet Method
In-line blending is the most accurate method for blending ethanol with gasoline because computers ... In-line blending is the most accurate method for blending ethanol with gasoline because computers ...
How to evaluate third-order determinants by Minors Method (Question 1) How to evaluate third-order determinants by Minors Method (Question 1)
Delta method question Delta method question
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 ...
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library