A Rug Is to Fit in a Room So That

question 425

Multiple Choice

A rug is to fit in a room so that a border of even width is left on all four sides. If the room is 12 feet by 15 feet and the area of the rug is 108 square feet, how wide will the border be?

• A) 1.5 ft
• B) 3 ft
• C) 2.2 ft
• D) 1 ft

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Definitions:

Consignment

Sales of goods through an agent who has possession but not ownership.

Title

The legal right to own, use, or dispose of something, such as property or intellectual property.

Consigned Party

The entity or person holding goods on behalf of another in a consignment agreement, where the goods are sold on the owner's behalf.

Weighted-Average Method

An inventory costing method that calculates the cost of ending inventory and cost of goods sold using the average cost of all similar items in inventory.