Business, 17.12.2019 21:31 honeylebling

Smith distributors, inc., supplies ice cream shops with various toppings for making sundaes. on november 17, 2013, a fire resulted in the loss of all of the toppings stored in one section of the warehouse. the company must provide its insurance company with an estimate of the amount of inventory lost. the following information is available from the company's accounting records:

fruit
toppings marshmallow
toppings chocolate
toppings
inventory, january 1, 2013 $ 22,000 $ 7,200 $ 3,200
net purchases through nov. 17 160,000 38,000 12,200
net sales through nov. 17 210,000 57,000 20,200
historical gross profit ratio 20 % 30 % 30 %
required:
1.
calculate the estimated cost of each of the toppings lost in the fire.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 23:00

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) situation 1 2 3 4 lease term (years) 3 3 3 3 assetâ€™s useful life (years) 3 4 4 6 lessorâ€™s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes

Answers: 1

Answer

Business, 22.06.2019 03:00

Match the given situations to the type of risks that a business may face while taking credit.(there's not just one answer)1. beta ltd. had taken a loan from a bankfor a period of 15 years, but its salesare gradually showing a decline.2. alpha ltd. has taken a loan for increasing its production and sales,but it has not conducted any researchbefore making this decision.3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession.4. delphi ltd. has taken a short-term loanfrom the bank, but its supply chain logistics are not in place.a. foreign exchange riskb. operational riskc. term of loan riskd. revenue projections risk

Answers: 1

Answer

Business, 22.06.2019 10:30

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

Answer

Business, 22.06.2019 20:00

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Answers: 3

Answer

You know the right answer?

Smith distributors, inc., supplies ice cream shops with various toppings for making sundaes. on nove...

Questions