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

Author Question: Market as used in the phrase lower of cost or market for valuing inventory, refers to the price at ... (Read 32 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
on: Jul 5, 2018
Market as used in the phrase lower of cost or market for valuing inventory, refers to the price at which theinventory is being offered for sale by its owner.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Acme Enterprise sold 150 of merchandise to a customer for cash. The sales tax was 7. How much cash did Inside Acme receive?
 
  A) 10.50
  B) 160.50
  C) 150.00
  D) 139.50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

B


mp14

  • Member
  • Posts: 534
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Anatomical and common names for the pelvic girdle and lower extremity. Anatomical and common names for the pelvic girdle and lower extremity.
Bones of the upper and lower extremities. Bones of the upper and lower extremities.
Knead accessible lower leg muscles; alternate with effleurage. Knead accessible lower leg muscles; alternate with effleurage.
Main Hall, Trajan's Market Main Hall, Trajan's Market
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library