Using the Following Information, What Amount of "Shrinkage" Would Be

question 85

Multiple Choice

Using the following information, what amount of "shrinkage" would be identified under the periodic inventory system? $\begin{array}{|l|r}\text { Inventory at the beginning of the year } & \$ 300,000 \\\hline \text { Inventory based on count at the end of the year } & \$ 650,000 \\\hline \text { Inventory purchases during the year } & \$ 1,000,000\end{array}$

• A)$ 0
• B)$300,000
• C)$650,000
• D)$700,000

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Definitions:

Environmental Forces

External factors, such as social, economic, technological, competitive, and regulatory considerations, that affect a business's operations and performance.

Controllable Factors

Elements of the marketing mix (product, price, place, promotion) that a company can directly manage and adjust.

Marketing Mix

A set of controllable tools that a firm uses to produce a response in its target market, typically involving the four Ps: Product, Price, Place, and Promotion.

Civil War Records

Documents and archives that contain information regarding the American Civil War, including battles, personnel, and other historical data.