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VARVARA [1.3K]
2 years ago
15

To use the _____ method, a company must maintain records of inventory and purchases at cost and at current selling price.

Business
1 answer:
rjkz [21]2 years ago
7 0

To use the retail inventory method, a company must maintain records of inventory and purchases at cost and at current selling price.

What is the Retail Inventory Method?

The retail inventory method is a method of accounting used to analyse the value of a store's merchandise. The retail method gives the ending inventory balance for a store by calculating the cost of inventory similar to the price of the merchandise.

What are benefits of the retail inventory method and how is it applied?

The main benefits  of the retail inventory method lies in its simplicity. It's a quick calculation that can give you an probable  of how much inventory you have. This can help  you in taking decisions when it comes to purchasing and budgeting.

Learn more about retail inventory :

brainly.com/question/24304410

#SPJ4

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They help you find unbiased information about the product’s actual performance.

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Lila and Jillian both own small businesses in the town where they live. The women are friends and often get together to discuss
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The differences between Lila and Jillian's businesses are based on what they offer to the public, since one offers products and the other offers services, which makes their businesses different.

<h3>What is a product-based business?</h3>

A product-based business is a type of business in which the main purpose is to offer a specific product to the public, for example:

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<h3>What is a service-based business?</h3>

A service-based business is a type of business in which the main purpose is to offer a specific service to the public, for example:

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Based on the above, it can be inferred that the discussions between Lila and Jillian can include very varied topics because their businesses are different because they involve different value chains.

Learn more about business in: brainly.com/question/15826604

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3 0
2 years ago
Identify which type of sampling is​ used: random,​ systematic, convenience,​ stratified, or cluster. upper a radio station asks
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Convenience sampling is used, because the population is taken from a sample that easy to reach

4 0
3 years ago
John is an investor who is looking at two opportunities. One has higher risk than the other. John is willing to invest in the hi
harina [27]

Answer:

B. As a risk-averse investor

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B. As a risk-averse investor is a correct option . Risk-averse investors can invest in higher risk opportunity only if it offers higher expected return .

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9. Emil Motycka is considered an entrepreneur because
Nataliya [291]

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he started and managed a business.

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Entrepreneur is the person who is willing to take risk by putting his capital to create and operates business.

Emily Motycka gained his fame because he started and managed a business at 13. He created Motycka Enterprises  , a company that offers lawn mowing services to the suburban houses.

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