Portman Inc

question 47

Multiple Choice

Portman Inc.uses the conventional retail inventory method.Expressed in millions of dollars,information about Portman's 2016 inventory account is expressed in the table below:

What is the value of Portman's inventory at 12/31/16?

• A)$150 million.
• B)$252 million.
• C)$300 million.
• D)None of these answer choices are correct.

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Definitions:

Sources Of Change

Various factors or entities that initiate or drive alterations within an organization, market, or environment, including technological advancements, market trends, or legislative changes.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often resulting in global economic policy and cultural exchange.

Mismanagement

The ineffective, inefficient, or detrimental handling of administrative and organizational tasks, often leading to adverse effects on the entity's operations.

Effectiveness

The degree to which objectives are achieved and targeted problems are solved, often used as a measure of success in various contexts.