Refer to the Information Provided in Table 23

question 275

Multiple Choice

Refer to the information provided in Table 23.4 below to answer the question(s) that follow.
Table 23.4
-Refer to Table 23.4. The equation for the aggregate saving function is

• A) S = -100 + 0.75Y.
• B) S = -200 + 0.15Y.
• C) S = -200 + 0.25Y.
• D) S = -100 + 0.2Y.

---

Definitions:

Cost To Retail Ratio

A method to estimate the value of ending inventory and cost of goods sold based on the ratio of cost to the retail price of goods.

Ending Inventory

The cost of items on offer at the close of an accounting term.

FIFO

"First-In, First-Out," an inventory management and valuation method where the earliest goods acquired are the first sold or used.

Perpetual

In inventory management, a perpetual system continuously updates the inventory records for each purchase and sale, providing real-time inventory levels.