XYZ IncIs a Wholesaler of Electronics

question 45

Multiple Choice

XYZ Inc.is a wholesaler of electronics.It purchased 1,000 units of Product X for $500 each during 2015.The selling price during the year was $750 per unit.At year end, it had 100 units on hand and due of changes in technology, the selling price will have to be reduced by 40% in order to sell them.The value of each unit of Product X for the year-end inventory presentation should be

• A)$600.
• B)$500.
• C)$400.
• D)$450.

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Definitions:

Waffle Sales

The revenue or quantity sold from the transaction of waffles in a given period, often used to gauge business performance in the food industry.

Mean Absolute Deviation

A statistical measure that represents the average absolute difference between each data point and the mean of the data set, indicating variability.

Forecast Errors

The difference between the actual outcomes and the predicted outcomes in forecasting, indicating the accuracy of the forecasts.

Salespersons' Estimates

Salespersons' estimates are forecasts or predictions made by sales professionals regarding future sales volumes based on their experience, market knowledge, and existing trends.