Use the Following Information for the Following Question -If the Ending Inventory Is to Be Estimated Using the

question 35

Multiple Choice

Use the following information for the following question:
Tang Inc. uses the retail inventory method. The following information is available for the current year:
$\begin{array}{lll} & \text { Cost } & \text { Retail } \\\text { Beginning inventory } & \$ 117,000 & \$ 183,000 \\\text { Purchases } & 442,000 & 623,000 \\\text { Freight-in } & 8,000 & - \\\text { Employee discounts } & - & 3,000 \\\text { Net markups } & - & 22,000 \\\text { Net markdowns } & - & 30,000 \\\text { Sales } & - & 585,000\end{array}$

-If the ending inventory is to be estimated using the retail method, the calculation of the cost-to-retail ratio should be based on cost and retail of

• A) $450,000 and $645,000.
• B) $567,000 and $828,000.
• C) $559,000 and $795,000.
• D) $567,000 and $798,000.

Recognize the impact of societal expectations on gender roles and behaviors.

Understand the physiological aspects of human sexuality researched by Masters and Johnson.

Appreciate the complexity of human sexual behavior and the influence of androgyny on personality traits and societal adjustment.

Understand the complexities of gender identity and sexual orientation.

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Definitions:

Vertical Axis

The y-axis in a graph, which typically shows the range of values for the variable measured.

Pure Competition

A market structure featuring a large number of small firms selling identical products, with no single firm able to influence market price.

Differentiated Products

Goods and services that are distinct from those offered by competitors due to unique characteristics, branding, quality, or features.

Market Price

The current value at which an asset or service can be bought or sold in an open market.