Better Buy,Inc

question 127

Multiple Choice

Better Buy,Inc.has 7 units in inventory on December 31.The units were purchased in November for $160 each.The price lists from the suppliers indicate that the same items would now cost the company a total of $1,155.What would be the amount reported as Ending Merchandise Inventory on the balance sheet?

• A)$2,275
• B)$325
• C)$1,120
• D)$1,155

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Definitions:

Employee Assistance Program

A work-based intervention program designed to identify and assist employees in resolving personal problems that may be adversely affecting their work performance.

Personal Problems

Issues or challenges in an individual's personal life, which can affect their mental health, relationships, or overall well-being.

CEO

Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Supervisor

An individual responsible for guiding and assessing the performance of a group of employees within an organization.