Answer:
70.3%
Explanation:
Current period cost-to-retail percentage is:
- Beginning inventory $70,000 $107,000
- Plus: Net Purchases $302,290 $450,000
- Plus: Net markups $23,000
- Less: Net markdowns ($43,000)
Goods available for sale (excluding beginning inv.) $302,290 $430,000
Goods available for sale (including beginning inv.) $372,290 $537,000
Cost-to-retail percentage = $302,290 / $430,000 = 70.3%
It should be the Second one that fits the best answer
It's D. Increasing the reserve requirement on banks
Answer: For residential rental property, the recovery period using GDS is 27.5 years. 2 If you use ADS, the recovery period for the same type of property is 30 years if it was placed in service after December 31, 2017, or 40 years if it was placed in service before that date.
Explanation: Is the good enough???
