The Merchandise Which Vivian Buys Tends to Need Continuous Replenishment

question 6

Multiple Choice

The merchandise which Vivian buys tends to need continuous replenishment.What type of merchandise does she buy?

• A)expected merchandise
• B)sample merchandise
• C)staple merchandise
• D)seasonal merchandise
• E)fashion merchandise

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Definitions:

Realized

Pertaining to gains or losses that have occurred and have been completed through the sale or other disposition of an asset.

Realizable

Pertaining to assets, it refers to the amount of money that can be received from their sale or disposal under normal circumstances.

Percentage-of-Completion

An accounting method typically used in long-term contracts, recognizing revenues and expenses in proportion to the work completed during the period.

Installment

A method of paying for goods or services or the repayment of a loan in parts, typically on a monthly basis, over a period of time.