6. If a pharmacy failed in selling all OTC drugs before expiration dates, then the

pharmacy's current assets can shrink.

Select: True or False

True

False

7. A CVS pharmacy's total revenue in year 2019 was 10.2 million, gross margin = 6

million, beginning inventory = 0.8 million, ending inventory = 1.2 million, all in USD.

What was the amount the pharmacy spent in 2019 purchasing its inventory?

Group

Group of answer choices

3.2 million

4.2 million

4.6 million

2.2 million

8. Based on scenario described in question 7, in an attempt to increase their net income,

the pharmacy decided to cut expenses for advertisement and store cleaning. This will

likely increase the net income by cutting operation expenses.

Group of answer choices

True

False

9. Which system of inventory measurement allows measurement of merchandise lost

due to theft and breakage?

Group of answer choices

Periodic

Perpetual

10. Which of the following would NOT depreciate?

Group of answer choices

a. Building

b. Robots

c. Vials

d. All of the above