Better Buy Has Six CD Players in Inventory on December

question 43

Multiple Choice

Better Buy has six CD players in inventory on December 31. The players were purchased in November for $150. The price lists from Better Buy's supplier indicate that the same CD player would now cost the company $155. What would be the amount reported as Ending Merchandise Inventory on the balance sheet?

• A)$1,740
• B)$1,680
• C)$900
• D)$930

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Definitions:

Positioning

A marketing strategy that focuses on how your customers think or talk about product and company relative to competitors.

Psychographics

The study and classification of people according to their attitudes, aspirations, and other psychological criteria, especially in market research.

Demographics

The statistical characteristics of human populations, such as age, gender, income, and education, used especially to identify markets.

Buyer Persona

A semi-fictional representation of the ideal customer based on market research and real data about existing customers, helping businesses to understand and cater to their target audience.