Answer:
Best estimate for inventory =$70,764.85
Explanation:
The closing inventory value at retail
= (Opening inventory + Purchases - sales) all in retail prices
= $123,000 + $483,000 - 493,000.
= 113000
Closing inventory value at cost
=113,000 × (64,500 + 315,000)/(123,000 + $483,000)
=70,764.85
Best estimate for inventory =$70,764.85
Answer:
d. Calculate total revenue minus total expenses
Explanation:
Profit is Calculated as Total revenue minus Total expenses. Therefore, consider all Incomes generated by the Business whether Primary or Secondary. Also consider all Expenses incurred by the business including Non - Operating expenses.
The enterprise systems improves the managers and companies performance by Integrating an internal business processes and link to external business partners.
<h3>What is an
enterprise planning resources?</h3>
This resource planning refers to the management and integration of business processes through a single system.
Hence, the systems improves the managers and companies performance by Integrating an internal business processes and link to external business partners.
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International bank for reconstruction and development was formed
primarily serves to loan funds to underdeveloped and developing
nations.
<h3>What is a Loan?</h3>
Loan involves lending money to an individual or organization. This is also
referred to a form of debt accrued through this process.
Developed nations established International bank for reconstruction and
development in 1946 to loan funds to underdeveloped and developing
nation. The funds are used to finance projects ranging from road and
factory construction to the building of medical and educational facilities.
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