Bert Logistics Has the Following Company Information for August: Goods

question 119

Multiple Choice

Bert Logistics has the following company information for August: goods available for sale at cost are $19,000, retail is $28,500, and sales at retail equal $21,500. Bert has a normal gross profit of 35%. The cost of estimated ending inventory under the retail method is: (Round any percentages to two decimal places, X.XX%, and your final answer to the nearest dollar.)

• A) $4,667.
• B) $5,281.
• C) $4,550.
• D) $2,450.

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Definitions:

Compensation

A compromise mechanism in which an individual attempts to make up for a negative situation by devoting himself or herself to another pursuit with increased vigor.

Conflict Management Techniques

Strategies and practices used to address and resolve disagreements and disputes in a constructive manner.

Nonaction

Doing nothing in hopes that a conflict will disappear.

Distributive Bargaining

A negotiation approach in which the goals of the parties are in conflict, and each party seeks to maximize its resources.