Creative people tend to be comfortable replacing the language of ________ with the language of ________

Gray Uniforms is a wholesaler who sells school uniforms to retailers. On August 1,Gray contracts with Excel School Uniforms to sell 3,000 uniforms o Excel to be delivered September 1. The contract price is set at $200 each, The contract provides for a 10% volume discount if sales exceed 2,000 uniforms. The probability of sales of 2,000 uniforms is expected to be 60%. Using the most-likely-amount

approach, the consideration is estimated to be ________. A) $250,000 B) $360,000 C) $400,000 D) $500,000

Under the periodic inventory method, indicate the financial statement(s) on which you would find the following items:

a) Cost of goods sold b) Freight-In c) Ending Inventory d) Beginning Inventory e) Sales Discount What will be an ideal response?