The First Successful Attempt to Restore the Spiritual Authority of the Latin

question 14

Multiple Choice

The first successful attempt to restore the spiritual authority of the Latin Church can be traced to the establishment of a new kind of monastery at:

• A)Toulouse in Burgundy.
• B)Lorraine in Alsace.
• C)Cluny in Burgundy.
• D)Tours in the Île de France.
• E)Orléans in Burgundy.

---

Definitions:

Inventory Turnover Ratio

A measure of how often a company sells and replaces its stock of goods within a period, calculated as cost of goods sold divided by average inventory.

Customer Refunds Payable

A liability account for estimated refunds and allowances that will be paid or granted to customers in the future.

Estimated Returns Inventory

A current asset account for the estimated amount of merchandise that will be returned by customers.

Customer Refunds Payable

Liabilities owed to customers for products or services that were sold but later returned or found unacceptable.