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

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Definitions:

Uncertainty Reduction

The process of decreasing the amount of uncertainty and variability in supply chain management through better planning, forecasting, and communication.

Optimize Performance

The process of making something as effective or functional as possible, often through careful adjustments or improvements.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Product Value

The worth of a product perceived by the customer, often influenced by quality, functionality, and brand reputation.