Viruses Are Considered Ultramicroscopic Because They Range in Size from 2

question 81

True/False

Viruses are considered ultramicroscopic because they range in size from 2 mm to 450 mm.

---

Definitions:

FIFO Retail Inventory Method

An inventory costing method that assumes items are sold in the order they were purchased or produced, first-in, first-out, applied specifically to retail inventories.

Cost-to-retail Percentage

Cost-to-retail percentage is a ratio used in retail to convert the ending inventory at retail prices back to a cost basis for financial reporting.

Net Markups

The amount by which the selling price of an item exceeds its cost, after accounting for discounts, allowances, and returns.