Determine the Total Value of the Merchandise Using Net Realizable

question 208

Multiple Choice

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

• A) $35
• B) $80
• C) $115
• D) $25

---

Definitions:

Implied Authority

Authority of an agent that is not explicitly stated but rather inferred from the conduct or relationship between the parties.

Dissociation

Dissociation is a legal term that describes the process by which a member of an entity (like a partnership or company) ceases their association with that entity.

Mining Partnerships

A form of business partnership focusing on the exploration, extraction, and processing of minerals or other geological materials from the earth.

Dissolve

To formally end or disband an entity such as a business partnership, corporation, or marriage.