A Merchant Establishment Operated by a Concern That Is Engaged

question 71

True/False

A merchant establishment operated by a concern that is engaged primarily in buying,taking title to,usually storing and physically handling goods in large quantities,and reselling the goods to retail or to industrial or business users is known as wholesaler.

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Definitions:

Net Present Values

A method used in capital budgeting to analyze the profitability of an investment or project by calculating the present values of all cash inflows and outflows.

Useful Life

The estimated duration of time an asset is expected to be usable for its intended purpose.

Residual Value

The estimated value that an asset will have at the end of its useful life, after it has been depreciated.

Present Value

The current value of future monetary amounts or sequences of cash inflows, factoring in a specific rate of interest.