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:

Managerial Authority

The power vested in managers to make decisions and direct subordinates within an organization.

Charismatic Personality

A set of personal attributes that enable an individual to exert significant influence or charm over others, often leading to strong leadership or followership.

High-Ranking Title

A designation or position of high status within an organization that signifies authority, responsibility, or professional achievement.

Empowerment

The process of giving individuals or groups more control, responsibility, and authority over their work or lives, leading to increased motivation and self-esteem.