A Merchandiser Uses a Perpetual Inventory System

question 29

Multiple Choice

A merchandiser uses a perpetual inventory system.The beginning Retained Earnings balance of the merchandiser was $110,000.During the year,Sales Revenue amounted to $90,000,Cost of Goods Sold was $40,000,and all other expenses totaled $12,000.The company declared and paid $27,000 as dividends.The ending balance of Retained Earnings would be ________.

• A)$148,000
• B)$121,000
• C)$175,000
• D)$110,000

Recognize the importance of cultural influences on personality.

Understand the complexity of personality assessment and the eclectic approach in psychology.

Grasp the concept of hardiness and its components in coping with stress.

Learn about the relationship between personality traits and coronary heart disease.

---

Definitions:

Diagnostic Test

A procedure used to identify the presence or absence of a condition, disease, or other biological marker.

Malignant Cyst

A cyst that contains cancerous cells; often requires medical intervention to prevent the spread of cancer.

Benign Cyst

A noncancerous, closed pocket of tissue that can be filled with fluid, pus, or other material, often found on or inside the body.

On-time Rates

The percentage of events or activities that occur on schedule, often used as an indicator of efficiency or reliability in service industries.