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lbvjy [14]
3 years ago
12

Determine the ending inventory under the conventional retail method for the furniture department of Mayron Department Stores fro

m the following data. (Round ratio of cost to selling price to 0 decimal places, e.g., 15%) Cost Retail Inventory, Jan. 1 $ 149,000 $ 283,500 Purchases 1,400,000 2,160,000 Freight-in 70,000 Markups, net 92,000 Markdowns, net 48,000 Sales revenue 2,175,000 Ending inventory $

Business
1 answer:
Alisiya [41]3 years ago
5 0

Answer:

$199,541.51

Explanation:

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Penny thinks that the price of books will decrease next week.
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Answer:

c

Explanation:

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3 years ago
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Radio:What is an example of a long-term liability?
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In accounting, the long-term liabilities<span> are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets. Examples of </span>long-term liabilities<span> are debentures, mortgage loans and other bank loans.


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3 years ago
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Jane Spring maintained this record of vehicle expenses for last year: gas, $845.96; oil, lube, miscellaneous, $68.85; insurance,
allochka39001 [22]

Answer:

Depreciation: $4,000.00

Variable costs : $914.81  

Explanation:

The value of the car when new = $19,860.00

Values after two years =$11,860.00

Accumulated depreciation for two years

= $19,860.00 - $11,860.00

=$8,000.00

Assuming straight depreciation method, depreciation each of the two years

=$8,000.00/2

=$4,000.00

Variable costs are the cost that changes with usages. In this case, variable costs are gas and oil, lube, and miscellaneous.

Variable costs =  $845.96 +  $68.85

Variable costs =  $914.81    

 

7 0
3 years ago
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An economy is experiencing a recessionary gap. The government can​ ______.
Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

6 0
3 years ago
Ana runs a small jewelry-making business from her home. She has no full-time employees, but she does pay her son (age 15) to hel
RoseWind [281]

Answer:

"1"

Explanation:

Fair labor standard acts is a business law implemented to immune workers from unfavorable work practices and regulations.

It covers the area of minimum wages , overtime payment and child labor.

As the standard work hours is 40hours , any clocked time in excess of 40 hours must be paid overtime at premium of 1.5 rate of the normal rate.This means that Ana's son should be paid overtime at a minimum rate of $7.5 for the extra 20hrs he worked.

The exception to the minimum age requirements under the child labor acts allows parents to employ their child of any age covers   Ana's employment of his child in his business

7 0
3 years ago
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