Question 23 Answer saved Marked out of 1.

00

Which of the following credit terms is the most advantageous to the purchaser of
merchandise?

Select one:

a. 1/10, n/30.

b. 5/10, n/60.

c. 2/10, n/30.

d. 5/10, n/20.

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Question 24 Answer saved Marked out of 1.00

Gross pro t is the di erence between:

Select one:

a. Net sales and the cost of goods sold.

b. The cost of merchandise purchased and the cost of merchandise sold.

c. Net sales and net income.

d. Net sales and all expenses.

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Question 25 Answer saved Marked out of 1.00

Merchandising companies that are small and do not use a perpetual inventory
system may elect to use:

Select one:

a. A physical inventory system

b. A periodic inventory system

c. An inventory shrinkage method

d. An inventory subsidiary ledger system.

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