The gross profit method can be used to approximate the dollar amount of inventory on hand.

a. true
b. false

Ans: a. true

Business

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Which of the following best describes the internal rate of return?

A) interest rate that makes the net present value of the investment equal to zero B) discount rate that is used to evaluate funds borrowed from a lender for profitability C) the ratio of average annual income to average amount invested D) the rate at which the profitability of an investment increases

Business

A candy bar you buy from a machine is a form of:

a. Business-to-business direct selling b. Telemarketing c. Door-to-door sales d. Vending sales

Business