Use the Following Information for Questions

question 29

Multiple Choice

Use the following information for questions

-Given that longer inventory holding periods act to increase expenses,which of the three companies would be expected to have the lowest inventory holding cost?

---

Definitions:

Sale of Goods

A commercial transaction in which a seller transfers ownership of tangible personal property to a buyer for a price.

Electronic Form

Digital or electronic format of documents or data, enabling electronic handling, storage, and transfer.

Enforceable

Pertains to a contract or obligation that is legally binding and can be upheld in a court of law.

Parol

Oral or verbal evidence, not recorded in writing, used to explain the terms of a contract.