Susan Florists Had the Following Account Balances at the End

question 101

Multiple Choice

Susan Florists had the following account balances at the end of the current accounting period: A normal gross profit percent is 30%.What is the estimated ending inventory as per the gross profit method?

• A)$100,890
• B)$28,110
• C)$63,410
• D)$65,590

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Definitions:

Interactional Fairness

A concept in organizational behavior that pertains to the quality of the interpersonal treatment people receive when organizational procedures are implemented.

Extraverted

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.

Inconsistency

The state of being not consistent in actions, values, methods, measures, principles, or expectations.