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rdmulle07 rdmulle07
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6 years ago
The retail method of inventory estimation uses a comparison of goods available for sale at a cost and at retail.
  Indicate whether the statement is true or false

Q. 2

A second hand furniture store buys sofas with a list price of 9,500. If the wholesaler offers trade discounts of 10/20/30, find the single equivalent discount.
 A) 0.442
  B) 0.496
  C) 0.600
  D) 0.320

Q. 3

An inventory valuation method that assumes the items purchased by a company last are the first items to be sold is called the perpetual valuation method.
  Indicate whether the statement is true or false

Q. 4

Atlas Hardware buys power tools with a list price of 29,500. If the supplier offers trade discounts of 10/20/5, find the trade discount amount. Use the single equivalent discount for your answer.
 A) 9,322
  B) 13,100
  C) 17,752
  D) 5,700
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BabyadjoBabyadjo
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6 years ago
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rdmulle07 Author
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6 years ago
this is exactly what I needed
lolaww
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Yesterday
Helped a lot
AlahuKakpar
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2 hours ago
You make an excellent tutor!
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