Inventory standards published by trade associations and the federal government for companies of all ...

Inventory standards published by trade associations and the federal government for companies of all sizes in all industries is called the target average inventory.
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Q. 2

Modern Video buys Blu-ray discs with an invoice price of 30,200, and terms of sale of 2/15, n/30. What is the net amount due on the order if the bill is paid by the 10th day?
 A) 20,200
  B) 29,088
  C) 19,180
  D) 29,596

Q. 3

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

Q. 4

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