What is this supposed to mean?I mean yeah sure!!
The type of employment described above is FRICTIONAL UNEMPLOYMENT. Frictional unemployment is said to occur in an economy when the people move from one job to another. Frictional unemployment is always present in an economy because of temporary changes made by both workers and employers.
Answer:
Hodge Company
Calculation of Estimated Loss on Inventory in the
Flood Using Gross Margin (Profit) Method
November 21, 2016
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016 <u>$131,000</u>
to date of flood
Cost of goods available for sale $227,000
<u>Estimated cost of goods sold:</u>
Net sales from November 1, 2016 $250,000
to date of flood
Less: Estimated gross margin <u>$75,000</u> <u>$175,000</u>
(250,000 * 30%)
Estimated cost of inventory at date of flood $52,000
Less: Salvage goods <u>$9,200</u>
Estimated loss on inventory in the flood <u>$42,800</u>
“Morals” I’m pretty sure is what you are looking for.
The answer is a. cash received from customers