An Electronics Retailer Has a Beginning-Of-Year Inventory (At Cost)of $400,000;

question 2

Multiple Choice

An electronics retailer has a beginning-of-year inventory (at cost) of $400,000; its ending inventory (at cost) is $410,000.Yearly purchases are $700,000 and transportation charges equal $25,000.The retailer's merchandise available for sale is ________.

• A) $ 225,000
• B) $ 715,000
• C) $1,125,000
• D) $1,225,000

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Definitions:

Marginal Revenue

The additional income received from selling one more unit of a good or service; it's a critical concept in determining optimal output level.

Prices

The cost in terms of money expected, required, or given for acquiring something.

Marginal Revenue

The extra revenue a company earns by selling an additional unit of a product or service.

Prices

The cash amount one needs to spend to obtain a good, service, or asset.