Today, the Earth Has ________ of All of the Species

question 197

Multiple Choice

Today, the earth has ________ of all of the species that have ever lived.

• A) less than 1 percent
• B) about 50 percent
• C) about 99 percent
• D) 100 percent

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Definitions:

Retail Inventory Method

An accounting method used to estimate inventory value by calculating the cost to retail price ratio.

Cost To Retail Ratio

A method used in retail to calculate inventory value by comparing the cost of goods to their retail price.

Ending Inventory

Ending inventory is the value of goods available for sale at the end of an accounting period, calculated as the beginning inventory plus purchases minus the cost of goods sold.

Gross Profit Method

An accounting technique used to estimate inventory levels and cost of goods sold by utilizing the gross profit margin.