The Retail Inventory Method Is Based on the Assumption That

question 166

Multiple Choice

The retail inventory method is based on the assumption that the

• A) final inventory and the total of goods available for sale contain the same proportion of high-cost and low-cost ratio goods.
• B) ratio of gross margin to sales is approximately the same each period.
• C) ratio of cost to retail changes at a constant rate.
• D) proportions of markups and markdowns to selling price are the same.

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Definitions:

Laughing

The act or an instance of reacting to something funny or amusing by making spontaneous sounds and movements of the face and body.

Touching

Pertaining to physical contact perceived through the sense of touch, often conveying warmth, comfort, or emotional communication.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response; in biology, the dying out of a species.

Vocalizations

The sounds produced by the vocal cords, including speech, cries, or other vocal output.