The Mineral Crystals in a Sill Would Be ________ Those

question 9

Multiple Choice

The mineral crystals in a sill would be ________ those in a lava flow.

• A)larger
• B)smaller
• C)the same size as

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Definitions:

FIFO Retail Inventory Method

An inventory costing method that assumes items are sold in the order they were purchased or produced, first-in, first-out, applied specifically to retail inventories.

Cost-to-retail Percentage

Cost-to-retail percentage is a ratio used in retail to convert the ending inventory at retail prices back to a cost basis for financial reporting.

Net Markups

The amount by which the selling price of an item exceeds its cost, after accounting for discounts, allowances, and returns.