Based on the Following Data, Calculate the Estimated Cost of the Merchandise

question 112

Essay

Based on the following data, calculate the estimated cost of the merchandise inventory on March 31 using the retail method. $\begin{array}{llrr}&\text { Cost } & \text { Retail } \\\text { March } 1 \text { Merchandise inventory } & \$ 225,000 & \$ 357,600 \\\text { March 1-31 Purchases (net) } & 454,245 & 612,750 \\\text { March 1-31 Sales } & & 835,000\end{array}$

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Definitions:

Performance Risk

The potential for a purchased product or service to fail to meet expected performance levels, causing the buyer dissatisfaction.

Gas Mileage

A measurement of how many miles a vehicle can travel on a gallon of fuel, indicating its fuel efficiency.

Hybrid Car

A vehicle that uses a combination of an internal combustion engine and one or more electric motors for propulsion, aiming to reduce fuel consumption and emissions.

Conversion Rate

A metric used in marketing to measure the percentage of users who take a desired action, such as making a purchase or signing up for a newsletter.