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Mila [183]
3 years ago
9

On January 1, 2014, the merchandise inventory of Glaus, Inc. was $1,200,000. During 2014 Glaus purchased $2,400,000 of merchandi

se and recorded sales of $3,000,000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Glaus at December 31, 2014?a. $600,000.b. $750,000.c. $1,350,000.d. $2,250,000.
Business
1 answer:
Xelga [282]3 years ago
5 0

Answer: Option (C) is correct.

Explanation:

Given that,

Merchandise inventory(beginning inventory) = $1,200,000

Merchandise purchased = $2,400,000

Sales = $3,000,000

Gross profit rate on sales = 25%

Ending inventory of Glaus:

= Beginning inventory + Purchases - cost of goods sold

= $1,200,000 + $2,400,000 - [sales × (100-25)%]

= $1,200,000 + $2,400,000 - $3,000,000 × 0.75

= $1,200,000 + $2,400,000 - $2,250,000

= $1,350,000

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1 year ago
Chase believes that most of his subordinates dislike work and would avoid it if possible. He also believes that his employees ha
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These managers strictly monitors their subordinates and use aggressive style of management to get work done. Under such management style the delegation of authority and decentralization does not takes place.

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3 years ago
Xbox video game consoles were developed through a joint venture between Microsoft and the WWE (World Wrestling Entertainment). P
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Answer:

The Implementation Phase

Explanation:

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In the given case, the video game company had planned well w.r.t it's joint venture and strategy but failed to implement it effectively. This points to the company failing at the implementation phase of the strategic marketing process.

8 0
3 years ago
Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/boo
tino4ka555 [31]

Answer:

C. 1.34

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To calculate the ratio:

stock price at the end of last year was $33.50 divided by value per share of $25.00

= 33.50/25.0

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6 0
3 years ago
15 points please help
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Answer:nenhuma das questões a cima

Explanation:

8 0
2 years ago
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