Which of the Following Goods Would Not Be Included in Merchandise

question 40

Multiple Choice

Which of the following goods would not be included in merchandise inventory for a purchasing company?

• A)Goods in transit shipped FOB shipping point
• B)Goods on hand in the showroom
• C)Goods in transit shipped FOB destination
• D)Goods ordered and received from the supplier

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Definitions:

Graphically

Refers to representing data or models visually using graphs or charts.

Spread

Compensation to the underwriter, determined by the difference between the underwriter’s buying price and offering price. Also, the gap between the interest rate a bank pays on deposits and the rate it charges on loans.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percent rate.

Bank Deposits

Funds that are placed into banking institutions for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.