Aflash flood swept through hat, inc.’s warehouse on may 1. after the flood, hat’s accounting records showed the following:
inventory, january 1
$ 35,000
purchases, january 1 through may 1
200,000
sales, january 1 through may 1
250,000
inventory not damaged by flood
30,000
gross profit percentage on sales
40%
what amount of inventory was lost in the flood?
a. $55,000
b. $85,000
c. $120,000
d. $150,000
Answers: 3
Another question on Business
Business, 21.06.2019 22:10
You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?
Answers: 1
Business, 22.06.2019 19:20
Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is:
Answers: 1
Business, 22.06.2019 19:40
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
Business, 22.06.2019 23:00
Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers
Answers: 1
You know the right answer?
Aflash flood swept through hat, inc.’s warehouse on may 1. after the flood, hat’s accounting records...
Questions
English, 25.09.2021 03:50
Medicine, 25.09.2021 03:50
Mathematics, 25.09.2021 03:50
Mathematics, 25.09.2021 03:50
Mathematics, 25.09.2021 03:50
Spanish, 25.09.2021 03:50
Mathematics, 25.09.2021 03:50
Mathematics, 25.09.2021 03:50
Mathematics, 25.09.2021 03:50
