Kathy, a Sales Representative for a Manufacture of Flexible Aluminum

question 45

Multiple Choice

Kathy, a sales representative for a manufacture of flexible aluminum ladders is thinking of using a demonstration to show prospects the value and safety associated with her product line.In preparing her demonstration, what question should she NOT ask herself first?

• A)will the demonstration go as planned?
• B)is the demonstration appropriate and needed?
• C)have I developed specific objectives for my demonstration?
• D)is my demonstration done in an ethical manner?
• E)have I covered all the features in my demonstration?

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Definitions:

Estimated Ending Inventory

An approximation of the value or quantity of inventory that a company expects to have at the end of a period, calculated using the cost of goods sold formula.

Gross Profit

The difference between revenue from sales and the cost of goods sold, before accounting for operating expenses.

Inventory Cost

The total cost associated with buying, producing, and storing inventory, including purchase prices, production costs, and related expenses.

Cost Flow Assumptions

Refers to the methods used to determine the cost of inventory sold and remaining inventory value, including FIFO, LIFO, and weighted average.