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Author Question: Banner, Inc. purchases 45,000 of merchandise from a vendor with credit terms of 2/10, n/30. Assuming ... (Read 77 times)

brutforce

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on: Jul 5, 2018
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


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adammoses97

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

False


brutforce

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Reply 2 on: Jul 5, 2018
Excellent

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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