Answer:
The amount of inventory destroyed in the tornado is $105,700
Explanation:
We know that,
Beginning inventory + purchase of inventory + Gross profit = Sales + ending inventory
$228,350 + $199,400 + $322,050 = $644,100 + ending inventory
$749,800 = $644,100 + ending inventory
So, the ending inventory equals to
= $749,800 - $644,100
= $105,700
The gross profit equals to
= Gross profit percentage × sales
= 50% × $644,100
= $322,050
The inventory is destroyed so we assume the ending inventory is destroyed which equal to $105,700
Answer:
They recognize the lifetime value of customers.
Equipment increase by 4500
liabilities (accounts payable) increase by 4500
Answer:
Cognitive.
Explanation:
In this scenario, EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the cognitive component of international competence training.
