Determine the Total Value of the Merchandise Using Net Realizable

question 170

Multiple Choice

Determine the total value of the merchandise using net realizable value. $\begin{array}{|l|l|l|l|}\hline \text { Item } &{\text { Quantity }} &{\text { Selling Price }} &{\text { Commission }} \\\hline \text { Doll } & 10 & \$ 7 & \$ 2 \\\hline \text { Horse } & 5 & 9 & 3 \\\hline\end{array}$

• A) $35
• B) $80
• C) $115
• D) $25

---

Definitions:

Income Distribution

The way in which total income is shared among individuals or groups within a society.

Inequitable

Unfair or not just; an imbalance in the way people or groups are treated.

Equal Distribution

The sharing of resources, wealth, or opportunities among all members of a society or group in a way that is considered fair and equitable.

Lorenz Curve

A graphical representation of income or wealth distribution within an economy, indicating inequality.