If Carmel Knows That the Ending Inventory at Retail for Her

question 42

Multiple Choice

If Carmel knows that the ending inventory at retail for her corner store is $16 000 and her cost to retail percentage is 65%, her ending inventory at cost can be estimated as:

• A) $16 000.
• B) $10 400.
• C) $26 400.
• D) $19 000.

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Definitions:

Cats

Domesticated felines known for their agility, sharp retractable claws, and effectiveness in controlling pests.

Humans

The species Homo sapiens, characterized by bipedalism, higher cognitive functions, and complex social behaviors.

Submandibular Gland

A salivary gland located beneath the floor of the mouth that produces saliva.

Parotid Gland

The largest of the salivary glands, located near the ear, which produces saliva to facilitate chewing and swallowing.