Adams Corporation estimates that it lost $152,500 in inventory from a recent flood. The following information is available from the records of the company’s periodic inventory system: beginning inventory, $260,000; purchases and net sales from the beginning of the year through the date of the flood, $500,000 and $810,000, respectively. What is the company’s gross profit ratio

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?