A Method That Uses Average Gross Profit Rate and Net

question 48

Multiple Choice

A method that uses average gross profit rate and net sales to compute inventory is:

• A)the retail method.
• B)the LIFO.
• C)the weighted-average method.
• D)None of these answers are correct.

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Definitions:

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A long-term state where an individual or group lives below the minimum level of income deemed necessary to achieve an adequate standard of living.

Common Arrangement

A typical or widely accepted way of organizing or structuring something.

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pertains to the period and adaptations individuals and families undergo after the legal dissolution of a marriage.