1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex
3 years ago
12

On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are avail

able:Sales, January 1 through April 15 $480,000Inventory, January 1 80,000Purchases, January 1 through April 15 400,000Markup on cost 25%The amount of the inventory loss is estimated to be:a. $96,000.b. $48,000.c. $120,000.d. $80,000.
Business
1 answer:
likoan [24]3 years ago
4 0

Answer:

The correct answer is C: 120,000

Explanation:

Giving the following information:

Sales, January 1 through April 15 $480,000

Inventory, January 1 80,000

Purchases, January 1 through April 15 400,000

Markup on cost 25%.

We need to find the difference between the cost of the lost inventory and what it will cost to purchase now.

Inventory= (Beginning inventory + purchase)*0.25=

Inventory= 480,000 * 0.25= 120,000

You might be interested in
Individuals play what role in the economy?
Jobisdone [24]
They are consumers but they can also sometimes be producers
7 0
3 years ago
Read 2 more answers
In order to search the internet you need to use software referred to as a__?
Scorpion4ik [409]

Answer:

search engine

Explanation:

A search engine is software designed to search web pages on the internet. Search engines work to provide answers to information sought from the internet. They locate, organize, and present the information sought on a database called index.  

Yahoo and Bing are other examples of a search engine. It is the most known and most used.

7 0
3 years ago
How would you expect each of the following to affect the economy-wide demand for U.S. money (currency)? a. Competition among bro
Anna007 [38]

Answer:

Market interest rate is also known as nominal interest rate. The nominal interest rate is sum of real interest rate and inflation rate. Fed try to control the monetary condition and real interest rates by manipulating money supply. These interest rates also affect the demand of money in market.

Part (a)

When commission of brokers decreases then buying and selling of stocks becomes easier and cheaper and people would transact in more and more stocks which will decrease the demand of money as liquidity of stock has increased.

Part (b)  

When grocery store starts accepting credit cards then people would need to carry less cash and demand of money will decrease.

Part (c)

As financial investors are now worried about riskiness of stocks so they will decrease their investment in stocks and prefer holding more money so demand of money will increase.

5 0
3 years ago
If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi
klasskru [66]

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

Credit score is a expression in terms of numerics grounded on the level analysis of the credit files of the person and also represent the credit worthiness of the person. It is used by lenders for determining who qualifies for the loan and for credit limits.

7 0
3 years ago
Read 2 more answers
Regarding the overall effect of negative interest rates on the economy, economists
vova2212 [387]

Answer:

The effect of negative interest rates on the economy is reflected in option D:  negative interest rates simply cannot happen in reality.  Answer D is the correct response.

Explanation:

Answer C is partially correct.  In reality, experiments are running on economies as today:  Greece economy.  After a huge recession in previous years, the Government has released bonuses that, at the end of their effective period, will be charging people for actually buy them, and not paying them back.  This leads us to answer D: negative interest rates can actually happen, but they cannot exist as an economic mechanism that develops the economy:  customers will go for profit, not cost.  

The effect of this model is negative on the economy since it will not provide enough resources for stimulation.  Also, it will not slow it down since it is not expected that an instrument with negative interest rates will be accepted, in the form of bonuses, by customers; or loans, provided by banks.

8 0
3 years ago
Other questions:
  • Schweser Satellites Inc. produces satellite earth stations that sell for $100,000 each. The firms fixed costs, F, are $2 million
    5·1 answer
  • Fishing designs has arranged to borrow $13,000 today at 10% interest. the loan is to be repaid with end-of-year payments of $3,0
    9·1 answer
  • Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the part
    10·1 answer
  • Pleaseee
    9·1 answer
  • Austin, Texas has passed a local ordinance that provides all motor vehicles must provide at least three feet of clearance when p
    7·1 answer
  • Market positioning
    11·1 answer
  • In what type of market transaction does the issuing corporation receive cash proceeds?​​​​
    10·1 answer
  • Which of the following is an example of earned income?
    10·1 answer
  • You are a trainee sales manager with a retailing firm. Visit professional websites and discussion forums to find out how manager
    11·1 answer
  • Please solve this question asap…as i have less time
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!