A Retailer Using the Basic Stock Method Wants Its Basic

question 64

Multiple Choice

A retailer using the basic stock method wants its basic stock to equal 15 percent of its 2017 average monthly sales.Yearly sales for 2017 are forecast at $3,000,000.Planned sales for January 2017 are $400,000.What is the January 1,2017 planned inventory value (at retail) ,using the basic stock method?

• A) $415,000
• B) $437,500
• C) $460,000
• D) The answer cannot be determined from the information provided.

Analyze the requirements for contract modifications and the effects of additional or different terms in contract formation.

Distinguish between written and oral contracts and their enforceability under the UCC.

Understand the importance and role of express terms versus implied terms in contract disputes.

Explain the legal implications of electronic contracts and signatures under UCC.

---

Definitions:

Logical

Pertaining to or characterized by clear, sound reasoning.

Abstractly

Thinking about something in a way that is not concrete or bound to tangible objects but rather in terms of ideas or concepts.

ABC Method

A prioritization technique used in time management where tasks are categorized into three groups (A, B, C) based on their importance and urgency.

Self-Management

A thought process that involves techniques you can use to help you manage your thoughts and behaviors, remain focused, overcome obstacles, and succeed.