You Are Able to Take the Inventory at Your Job

question 245

Multiple Choice

You are able to take the inventory at your job in 10 hours. Your co-worker Joe would take 12 hours for the inventory job. If both of you work together how long will it take to take inventory?

• A) 22 hours
• B) 11 hours
• C) hours

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Definitions:

Exit Price

The amount that would be received from selling an asset or transferred liability in an orderly transaction between market participants.

Entry Price

The price at which a security or asset was bought, affecting the calculation of gains and losses for accounting or tax purposes.

Principal Market

The market with the greatest volume and level of activity for the asset.

Active Market

A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis.