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Sergeu [11.5K]
3 years ago
9

The accounting records for Sports-R-Us, a superstore targeted at armchair athletes, showed that it had bought and received $1,83

0,000 worth of merchandise. An actual count of the merchandise in the store showed only $1,644,000 worth of merchandise in stock. What other information is needed to calculate inventory shrinkage
Business
2 answers:
Doss [256]3 years ago
6 0

Answer:

sales record of the superstore

Explanation:

since the superstore ( sport-R-Us )  have an accounting records that shows that the superstore have bought and received $1830000 worth of goods

but an actual count of the goods/merchandise in the store showed only $164400 worth of merchandise in stock .therefore to calculate the inventory shrinkage which is the deduction of sales from purchases.

we have to find/calculate the sales of the merchandise within the period before we can calculate the inventory shrinkage hence the information needed is the sales record

Reptile [31]3 years ago
5 0

Answer:

Sales

Explanation:

If the accounting records for Sports-R-Us, a superstore targeted at armchair athletes, showed that it had bought and received $1,830,000 worth of merchandise.

And An actual count of the merchandise in the store showed only $1,644,000 worth of merchandise in stock.

The other information is needed to calculate inventory shrinkage  is sales for the period.

Before we can conclude on the level of inventory shrinkage, we must deduct sales from purchases to know the value of closing inventory which will be compared with the actual count.

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Alice MeyerMeyer?,owner of Flower DirectFlower Direct?, operates a local chain of floral shops. Each shop has its own delivery v
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Answer:

<h3>Flower Direct</h3>

1. Operating cost equation = $0.26x + $1,150

2. Prediction of operating costs at a volume of 16,000 is:

= $5,310

Explanation:

a) Data and Calculations:

Month    Kilometres Driven    Van Operating Costs

January           16,000                     $5,490

February          17,500                       5,700

March              14,900                        4,910

April                 16,200                       5,340

May                  16,900                       5,820

June                 15,100                        5,410

July                  14,500                       4,920

High-Low Method:

February          17,500                       5,700

July                  14,500                       4,920

Difference        3,000                          780

Variable cost per unit = $780/3,000 = $0.26

Total variable cost at February figures = $4,550 (17,500 * $0.26)

Total fixed costs at February figures = $1,150 ($5,700 - $4,550)

Operating cost equation = $0.26x + $1,150

Operating cost at a volume of 16,000 = $1,150 + $0.26 * 16,000

= $1,150 + 4,160

= $5,310

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Answer:

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Cr Interest Payable $1,500

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Cr Notes Payable $100,000

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