subject
Business, 23.10.2019 22:30 babyskitt

The following information appears in petty company’s records for the year ended december 31: inventory, january 1 $ 325,000 purchases 1,150,000 purchase returns 40,000 freight in 30,000 sales 1,700,000 sales discounts 10,000 sales returns 15,000 on december 31, a physical inventory revealed that the ending inventory was only $210,000. petty’s gross profit on net sales has remained constant at 30 percent in recent years. petty suspects that some inventory may have been stolen by one of the company’s employees. at december 31, what is the estimated cost of the missing inventory?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:30
Which actions can you improve your credit score? (multiple can be selected)having a good credit score should be your prime objective as credit companies analyze your creditworthiness before giving you a loan. there are certain guidelines you can follow to ensure you have a good credit score. always pay your mortgage interest on time. if you are a student, make student loan inquiries before taking any loan. if you have multiple credit cards, manage them judiciously. maintain a healthy balance in your bank account.1. always pay your mortgage interest on time.2. if you are a student, make student loan inquiries before taking any loan.3. if you have multiple credit cards, manage them judiciously.4. maintain a healthy balance in your bank account.
Answers: 1
question
Business, 22.06.2019 09:30
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
question
Business, 22.06.2019 11:30
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
question
Business, 22.06.2019 17:00
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
You know the right answer?
The following information appears in petty company’s records for the year ended december 31: invent...
Questions
question
English, 07.12.2020 20:50
question
Mathematics, 07.12.2020 20:50
question
Social Studies, 07.12.2020 20:50
question
Mathematics, 07.12.2020 20:50
question
Mathematics, 07.12.2020 20:50
Questions on the website: 13722363