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
valentinak56 [21]
3 years ago
12

Dillard’s, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarte

r report, the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million. Estimate merchandise purchases for the third quarter. (Enter your answer in millions.)
Business
1 answer:
SashulF [63]3 years ago
5 0

Answer:

Purchases= 1,280 million

Explanation:

Giving the following information:

the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million.

Purchases= cost of goods sold - Beginning inventory + ending inventory

Purchases= 880 - 1500 + 1900= 1,280 million

You might be interested in
The management of Bullinger Corporation would like to investigate the possibility of basing its predetermined overhead rate on a
Anit [1.1K]

Answer:

$5,160

Explanation:

Predetermined Overhead Rate on Capacity = Total Estimated Manufacturing Overhead / Estimated Capacity for the Year

Predetermined Overhead Rate on Capacity = $34,840 / 29,000 MH

Predetermined Overhead Rate on Capacity = $1.20 MH

Actual use of capacity = 24,700 hours

Unused hours = 29,000 hours - 24,700 hours

Unused hours = 4,300 hour

Cost of unused capacity = 4,300 hours * $1.20 MH

Cost of unused capacity = $5,160

4 0
3 years ago
Dollar Co. sold merchandise to Pound Co. on account, $25,500, terms 2/15, net 45. Pound Co. paid the invoice within the discount
aniked [119]

Answer:

$24,990

Explanation:

2/15 net 45 means that if the customer pays within the period of 15 days, he will get the discount of 2% of invoice amount, otherwise he has to pay the whole amount of invoice within the period of 45 days.

In the given scenario, since the Pound Co. has paid the invoice within the discount period, so therefore, the Pound Co. has availed the discount of 2% and accordingly the sales amount shall be recorded as follows:

Sales amount=Invoice amount*98%

                       =$25,500*98%

                       =$24,990

8 0
3 years ago
An interview in which a job candidate is asked to explain how he/she would handle a specific set of circumstances is a type of
zloy xaker [14]

Answer:

I believe this would be D

Explanation:

I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say

4 0
3 years ago
Read 2 more answers
Jacob has built up a wide network of contacts, clients, and local business neighbors since moving to Central City five years ago
Nata [24]

Answer:

The answer is network.

Explanation:

Network is a way of interacting with others to exchange some information or establish social contacts. Since Jacob has built up a wide range of contacts, clients, and local business neighbors over the years as mentioned in the statement, he will generally leverage on the network he has developed with these individuals as he intend to move to another phase of his career.

7 0
3 years ago
Read 2 more answers
(1) Given access to the same risk-free asset and the same investment opportunity set of risky assets, an investor's degree of ri
alexandr402 [8]

Answer: C. optimal mix of the risk-free asset and risky asset

Explanation:

Risk aversion simply has to do with how people curtail risk and this is done through the preference for the outcomes that have low uncertainty than those that have high uncertainty.

An investor's degree of risk aversion will determine his or her optimal mix of the risk-free asset and risky asset even if they've access to the same risk-free asset and also the same investment opportunity set of risky assets.

8 0
3 years ago
Other questions:
  • Differential Analysis for a Lease or Buy Decision Sloan Corporation is considering new equipment. The equipment can be purchased
    14·1 answer
  • Diminishing returns to physical capital means that when the amount of human capital per worker and the state of technology are h
    15·1 answer
  • On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma
    7·1 answer
  • Bade Midwifery's cost formula for its wages and salaries is $1,420 per month plus $246 per birth. For the month of October, the
    12·1 answer
  • "Girls Just Wanna Have Funds" is a Washington, DC, support group that consists mostly of young women who offer tips on budgeting
    11·1 answer
  • At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha
    5·1 answer
  • Companies engaged in a single line of business most commonly utilize an organizational structure that can be A. a functional (de
    5·1 answer
  • I need money to buy something.
    6·1 answer
  • A dollar today is worth ______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more t
    7·2 answers
  • When the grocery store orders a large shipment of chocolate candy just before Valentine's Day, this type of inventory is typical
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!