California inc., through no fault of its own, lost an entire plant due to an earthquake on may 1, 2018. in preparing its insurance claim on the inventory loss, the company developed the following data: inventory january 1, 2018, $300,000; sales and purchases from january 1, 2018, to may 1, 2018, $1,300,000 and $875,000, respectively. california consistently reports a 40% gross profit. the estimated inventory on may 1, 2018, is:
a. $302,500.
b. $360,000.
c. $395,000.
d. $455,000

estimated inventory is $395000

C is correct option

Explanation:

given data

Inventory = $300000

sales = $1300000

purchases = $875000

gross profit = 40%

to find out

estimated inventory

solution

we find estimated inventory by this formula

estimated inventory = Inventory + purchases  - (100% - 40%)sale

put here all value

estimated inventory = 300000 + 875000 - (100% - 40%)1300000

estimated inventory = 300000 + 875000  - 780000

estimated inventory = 395000

so estimated inventory is $395000

C is correct option

The correct answer to the following question is option C) $395,000

Explanation:

Given information -

Inventory as of January 1 ,2018 = $300,000

Purchase from January to May = $875,000

Sale from January to May = $1300,000

Gross profit reported by California inc = 40%

Here fro calculating the estimated inventory as of May 1, 2018 -

Inventory as of January 1 ,2018 + Purchase + Gross profit - Sales

= $300,000 + $875,000 + ($1300,000 x 40%) - $1300,000

= $1175,000 + $520,000 - $1300,000

= $1695,000 - $1300,000

= $395,000

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

if i need to borrow money for anything, it would be for something like a house or an apartment but, that depend on the situation.

is this good enough?