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Current assets include cash and all other items that the retailer can easily convert into cash within a relatively short period of time (usually a year or less). 1. False 2. True
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Asked 10/27/2013 9:19:22 AM
Updated 2/10/2015 11:12:29 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [2/10/2015 11:11:24 AM]
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User: Current assets include cash and all other items that the retailer can easily convert into cash within a relatively short period of time (usually a year or less). 1. False 2. True

Weegy: TRUE. [ Current assets include cash and all other items that the retailer can easily convert into cash within a relatively short period of time (usually a year or less). (p.327) ]
Expert answered|ladylime|Points 31|

User: The total cost valuation of a retailer’s inventory is $750,000 and the total retail valuation is $2,000,000. Approximately how much of every retail sales dollar is made up of merchandise cost? 1. 37.5 cents 2. 27.3 cents 3. 62.5 cents 4. $1.75 5. $2.67

Question
Asked 10/27/2013 9:19:22 AM
Updated 2/10/2015 11:12:29 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [2/10/2015 11:11:24 AM]
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The total cost valuation of a retailer’s inventory is $750,000 and the total retail valuation is $2,000,000. Approximately 37.5 cents of every retail sales dollar is made up of merchandise cost. 750,000/2,000,000=0.375 = 37.5 cents
Added 2/10/2015 11:12:29 AM
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Questions asked by the same visitor
The stock-to-sales ratio will fluctuate on a monthly basis because sales tend to fluctuate monthly. 1. False 2. True
Weegy: TRUE. The stock-to-sales ratio will fluctuate on a monthly basis because sales tend to fluctuate monthly. (More)
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Expert Answered
Asked 10/27/2013 9:05:10 AM
0 Answers/Comments
Merchandise shortages cannot be determined under the retail method of inventory valuation. 1. True 2. False User: It is just as bad to have too much inventory on hand as it is to have too little. 1. True 2. False
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Not Answered
Updated 4/28/2014 9:45:15 PM
1 Answer/Comment
It is just as bad to have too much inventory on hand as it is to have too little. TRUE.
Added 4/28/2014 9:45:12 PM
This answer has been confirmed as correct and helpful.
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