Asked by
Calynn Drobac
on Nov 12, 2024Verified
Which of the following items would not affect the cost of merchandise inventory acquired during the period?
A) quantity discounts
B) sales discounts
C) freight in
D) sales commissions
Sales Commissions
Compensation paid to sales employees, usually calculated as a percentage of the sales they generate.
Freight In
The cost of transporting goods into a business, typically considered as part of the cost of goods purchased.
Quantity Discounts
Price reductions given to customers who purchase large quantities of a product, encouraging bulk buying.
- Acquire knowledge about trade discounts and their role in reducing merchandise costs and apply this understanding effectively.
- Recognize the importance of the cost of merchandise sold and its calculation under perpetual and periodic systems.
Verified Answer
SK
Learning Objectives
- Acquire knowledge about trade discounts and their role in reducing merchandise costs and apply this understanding effectively.
- Recognize the importance of the cost of merchandise sold and its calculation under perpetual and periodic systems.
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