Which of the Following Is the Correct Formula to Calculate

question 87

Multiple Choice

Which of the following is the correct formula to calculate average merchandise inventory?

• A) Average merchandise inventory = (Beginning merchandise inventory - Ending merchandise inventory) / 2
• B) Average merchandise inventory = (Beginning merchandise inventory × Ending merchandise inventory) / 2
• C) Average merchandise inventory = (Beginning merchandise inventory / Ending merchandise inventory) / 2
• D) Average merchandise inventory = (Beginning merchandise inventory + Ending merchandise inventory) / 2

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Definitions:

Expect

To anticipate or regard as likely to happen in the future.

Random Variable

A variable whose values depend on outcomes of a random phenomenon, often used in probability and statistics.

Values

Fundamental beliefs or principles that guide behavior and decision-making.

Uncertain

Lacking predictability, certainty, or clarity, often leading to risk or indecision in decision-making processes.