1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marissa [1.9K]
4 years ago
6

Under the retail method, in determining the cost-to-retail percentage for the current year: Multiple Choice Net markups are incl

uded. Net markdowns are excluded. Beginning inventory is excluded. All of these answer choices are correct.
Business
1 answer:
Komok [63]4 years ago
6 0

Answer: Net markups are included.

Explanation:

The retail inventory method is used to know a store's merchandise value.

Under the retail method, in determining the cost-to-retail percentage for the current year, net markups are included.

It should be noted that the net markups are applicable to net costs.

You might be interested in
The accounting process begins with: Multiple Choice Analysis of business transactions and source documents. Preparing financial
Kitty [74]

Answer:

The accounting process begins with Analysis of business transactions and source documents

Explanation:

The Accounting process begins by<em> identifying the transactions and events</em> that occurred in the business.

After identification, the events and transactions have to be<em> recorded in appropriate Account</em> using the <em>proper books of entry</em>.

A list of Balances known as the <em>Trial Balance</em> is then computed when the Accounts are closed.

The Trial Balance is then used <em>to prepare financial statements</em>.

Financial Statements are then <em>Analysed</em> to assist various stakeholders and users of financial statements to <em>make decisions</em>.

6 0
3 years ago
Read 2 more answers
A company using the FIFO method had beginning work in process inventory of 10,000 units and completed 75,000 units. They also ha
Anna [14]

Answer:

the number of units started and completed is 65,000 units

Explanation:

The computation of the number of units started and completed is given below:

= Units completed - beginning work in process inventory units

= 75,000 units - 10,000 units

= 65,000 units

Hence, the number of units started and completed is 65,000 units

8 0
3 years ago
Simon is a sales representative with McKesson who works with independent and chain drug stores to provide branded and private la
Crank

Answer:

Societal marketing orientation

Explanation:

Options include "a. Societal marketing orientation , b. Production orientation , C. Sales orientation , d. Market orientation

Societal marketing orientation is an idea to engage the customers in marketing movement of the company. If the customers evangelize the product on the company’s behalf the company finds success very easily and efficiently. Societal marketing orientation not only focuses on the needs of the customers but also on the fulfillment of the social responsibility

6 0
4 years ago
Josiah Warren's utopian societies included stores where goods were exchanged according to the amount of work a person completed.
emmasim [6.3K]

Answer:

A) True

The statement is true.

6 0
4 years ago
Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.
77julia77 [94]

Answer:

ROE for Bethesda Mining company = 24.28%

Explanation:

ROE using Du Pont = \frac{net profit}{sales}×\frac{sales}{assets}×\frac{assets}{equity}

the simple way is to solve the equation before substituting. The asset numerator cancels the asset denominator so does the sales numerator to the sales denominator.

so we are left with ROE =    \frac{net profit}{equity} = 100,381 / 413348 = 24.28%

8 0
3 years ago
Read 2 more answers
Other questions:
  • A nine-year project is expected to generate annual revenues of $137,800, variable costs of $82,600, and fixed costs of $11,000.
    10·1 answer
  • Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and f
    8·1 answer
  • A pair of shoes costs $25 to make. This means that you need to charge a price of at least _____ just to cover your costs. $25 $1
    14·2 answers
  • The following information is available for Bandera Manufacturing Company for the month ending January 31:
    11·1 answer
  • ____________indicates that personal and business record keeping should be separately maintained. (select an option)
    13·1 answer
  • Apple juice is a very elastic good to me. I can easily substitute something else for it if it gets too expensive. Gasoline, on t
    13·1 answer
  • Which function of money describes its ability to help people compare what
    11·1 answer
  • Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) $540
    10·1 answer
  • apple, which controls over 75 percent of digital music sales, was able to dictate song pricing for years, despite the tremendous
    15·1 answer
  • Why did businesses enter the marketing economy
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!