The inventory system in which merchandise is physically counted at least once a year to determine the value of the goods available for sale is called a(n) ____________________ inventory system.
Question|Asked by bubbles1234|Rated good
Asked 12/13/2015 10:08:41 PM
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User: The inventory system in which merchandise is physically counted at least once a year to determine the value of the goods available for sale is called a(n) ____________________ inventory system.

Weegy: The inventory system in which merchandise is physically counted at least once a year to determine the value of the goods available for sale is called a periodic inventory system.

User: The average inventory at retail for Modern Age Furniture was \$1,389,008. The turnover rate at retail was 2.6, based on net sales of \$3,611,420. The published inventory turnover at retail is 5.3. Since the actual turnover rate is less than the published rate, calculate the target average inventory at retail. (Round your answer to the nearest dollar)

Question|Asked by bubbles1234|Rated good
Asked 12/13/2015 10:08:41 PM
This answer has been confirmed as correct and helpful.
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Questions asked by bubbles1234
The balance of a perpetual inventory system at any given time is the ____________________ inventory. It must be confirmed with an actual physical count at least once a year.
Weegy: The balance of a perpetual inventory system at any given time is the book inventory. It must be confirmed with an actual physical count at least once a year. (More)
Asked 12/13/2015 10:01:21 PM
The number of times during an operating period that the average dollars invested in merchandise inventory were theoretically sold out is called inventory ____________________.
Weegy: The number of times during an operating period that the average dollars invested in merchandise inventory were theoretically sold out is called inventory turnover (or stock [ turnover). ] (More)
Asked 12/13/2015 10:16:10 PM
Goods purchased and held for resale are commonly known as ____________________.
Weegy: Goods purchased and held for resale are commonly known as merchandise inventory. (More)
Updated 12/14/2015 5:21:45 AM
At a red-tag sale, all items with red tags have been marked down by 49%. What should be the sale price of a DVD player having a red tag, if the pre-sale price was \$234.95?
Weegy: \$119.82 is the sale price of a DVD player marked down by 49%, if the pre-sale price was \$234.95. 234.95 x .49 (49%) = 115.13 234.95 - 115.13 = 119.82 (More)
Updated 12/12/2015 12:03:13 PM
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