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RSB [31]
3 years ago
5

Chewy Candy has a beginning inventory of $1,000 with a retail value of $1,800. June purchases were $3,000, with a retail value o

f $4,700 and retail sales were $4,200. What is the June 30 estimated ending inventory at cost under the retail method?
Business
1 answer:
S_A_V [24]3 years ago
7 0

A. $351

B. $949

C. $4161

D. $1416


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podryga [215]

Answer:

(i) Base year prices

(ii) between two consecutive years

Explanation:

formula for GDP deflator is (real GDP)/(nominal GDP) x 100 which is the numerator real GDP where prices are valued at the current year adjusted to inflation or deflation and then the denominator where prices are valued at a base year where prices are valued at a nominal year which are not adjusted to any inflation or deflation.

The CPI ( consumer price index) is calculated by determining the rise or fall in price of a good or goods in two consecutive periods which in turn gives us the increase or decrease in price percentage.

4 0
3 years ago
The number of minorities in the workforce is _____. a. diminishing b. increasing c. unchanging d. decreasing
lara31 [8.8K]

Answer:

Option b (increasing) is the correct choice.

Explanation:

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8 0
4 years ago
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jasenka [17]
Country B because of the recent boom in inflation.
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3 years ago
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8 0
3 years ago
New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $500,
Triss [41]

Answer:

additional income is $11050  if the business is organized as a partnership rather than as a corporation

Explanation:

given data

investors = 10

own = 10%

earn =  $500000

corporate tax rate = 34%

personal tax rate = 35 %

to find out

How much additional spendable income

solution

we find here first income if formed as corporation in hand  that is

income if formed as corporation = earn × own ( 1 -  corporate tax ) × ( 1 - personal tax )

income if formed as corporation = 500000 × 10% ( 1 - 34% ) × ( 1 - 35% )

income if formed as corporation =$21450

and

income will be taxable if form partnership that is

income if formed partnership = earn × own ( 1 - personal tax )

put here value

income if formed partnership = 500000 × 10% ( 1 - 35% )

income if formed partnership = $32500

so

additional income is $32500 - $21450

additional income is $11050

4 0
3 years ago
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