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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 20
Solve the following application problem. Round stock turnover to the nearest hundredth.
PIANO REPAIR The September 30 inventory at Liverpool Piano Repair was $43,750 at cost and $62,500 at retail. Purchases during the next three months were $51,600 at cost, $73,800 at retail, and net sales were $92,500. Use the retail method to estimate the value of the inventory at cost on December 31.
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PIANO REPAIR The September 30 inventory at Liverpool Piano Repair was $43,750 at cost and $62,500 at retail. Purchases during the next three months were $51,600 at cost, $73,800 at retail, and net sales were $92,500. Use the retail method to estimate the value of the inventory at cost on December 31.
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Explanation
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Find the value of goods available for sa...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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