From the Following Details of a Merchandiser, Calculate the Cost

question 102

Multiple Choice

From the following details of a merchandiser, calculate the Cost of Goods Sold. (Assume the merchandiser uses the periodic inventory system.)

• A)$116,540
• B)$81,460
• C)$114,950
• D)$53,540

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Definitions:

Metadata

Embedded electronic data recorded by a computer in association with a particular file, including location path, creator, date created, date last accessed, hidden notes, earlier versions, passwords, and formatting. Metadata reveals information about how, when, and by whom a document was created, accessed, modified, and transmitted.

Electronic Data

Information that is stored in a digital format and can be retrieved via electronic devices.

Chain of Custody

The chronological documentation or paper trail that records the sequence of custody, control, transfer, analysis, and disposition of physical or electronic evidence.

Chain of Custody

A legal concept that refers to the chronological documentation or paper trail showing the seizure, custody, control, transfer, analysis, and disposition of physical or electronic evidence.