The Everything Store Has Just Removed a Demonstrator from Display

question 24

Multiple Choice

The Everything Store has just removed a demonstrator from display and demonstration-it will be sold at a reduced price. The original price was $180 and the original cost was $140. Additional information: $\begin{array} { | l | l | } \hline \text { Estimated repairs before selling } & \$ 20 \\\hline \text { Estimated selling price reduced to } & 120 \\\hline \text { Estimated selling costs } & 7 \\\hline \text { Normal profit margin } & 1 / 3 \\\hline\end{array}$
The demonstrator will be included in the used inventory balance. What inventory value should be assigned to the used demonstrator?

• A) $73
• B) $80
• C) $93
• D) $120

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Definitions:

Capitalist Incomes

The earnings derived from capital investments, such as profits, rental income, and interest, within a capitalist economic system.

Backflows

The reverse movement of water, contaminants, or other substances into the potable water supply due to a change in pressure.

Financial Payments

Monetary transactions involving the transfer of sums between parties, usually in exchange for goods, services, or to fulfill contractual obligations.