On March 15, a fire destroyed Crane Company's entire retail inventory. The inventory on hand as of January 1 totaled $7700000. From January 1 through the time of the fire, the company made purchases of $3832000, incurred freight-in of $422000, and had sales of $5940000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.

Which of the following would not be listed under cash outflows in a financial plan?