Knowing the Net Cost of Inventory Allows a Business to Determine

question 203

True/False

Knowing the net cost of inventory allows a business to determine the actual cost of the merchandise purchased.

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Definitions:

Cations

Positively charged ions that are formed when an atom loses one or more electrons.

Positive Charge

A type of electrical charge, typically carried by protons, that repels other positive charges and attracts negative charges.

Ionic Compounds

Compounds composed of ions held together by ionic bonds; typically formed when a metal reacts with a nonmetal or a polyatomic ion.

CH4

CH4, methane, is a simple alkane hydrocarbon with one carbon atom bonded to four hydrogen atoms, and is a major component of natural gas.