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

Author Question: In valuing merchandise for inventory purposes, net realizable value is the estimated selling price ... (Read 92 times)

gonzo233

  • Hero Member
  • *****
  • Posts: 557
on: Jul 5, 2018
In valuing merchandise for inventory purposes, net realizable value is the estimated selling price less any directcosts of disposal.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Ace Electronics sold 350 of merchandise to a customer on account. The sales tax was 6. How much sales revenue did Ace earn?
 
  A) 350
  B) 371
  C) 329
  D) 0


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

A


gonzo233

  • Member
  • Posts: 557
Reply 2 on: Jul 5, 2018
Gracias!

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Estimated terrestrial net primary productivity across Canada. Estimated terrestrial net primary productivity across Canada.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Alan Price - Poor People Alan Price - Poor People
Caleb Goodwin, Inventory of Slaves and Livestock. Caleb Goodwin, Inventory of Slaves and Livestock.
Equipment Inventory Record Equipment Inventory Record
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library