The reorder point is the date when a new order should be placed

What condition is not necessary in order to use the retail method to provide inventory results?

a. Retailer keeps a record of the total costs of products sold for the period. b. Retailer keeps a record of the total costs and retail value of goods purchased. c. Retailer keeps a record of the total costs and retail value of goods available for sale. d. Retailer keeps a record of sales for the period.

If the interest rate on an FHA-insured mortgage loan is 5 1/2 percent and the monthly payment is $1,012 the principal sum would be

A) $22,080 B) $220,800 C) $184,000 D) $667,920