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LuckyWell [14K]
3 years ago
12

Garden World uses the retail method to estimate its monthly cost of goods sold and month-end inventory. At May 31, the accountin

g records indicate the cost of goods available for sale during the month (beginning inventory plus purchases) totaled $580,000. These goods had been priced for resale at $1,020,000. Sales in May totaled $400,000. The estimated inventory at May 31 is:
Business
1 answer:
chubhunter [2.5K]3 years ago
8 0

Answer:

The estimated inventory at May 31 is $352,549

Explanation:

In order to calculate the estimated inventory at May 31 we would have to calculate the following formula:

Estimated closing inventory=(resale of goods- sales in may)*(beginning inventory plus purchases/resale of goods

Estimated closing inventory=($1,020,000-$400,000)*($580,000)/$1,020,000)

Estimated closing inventory =($620,000*$580,000)/$1,020,000

Estimated closing inventory =$352,549

The estimated inventory at May 31 is $352,549

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When you deposit​ $50 in currency at Old National​ Bank, A. its liabilities decrease by​ $50. B. its reserves increase by less t
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Answer:

B

Explanation:

Its reserve increase by less than 50 because of reserve requirement

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3 years ago
Disney employed ________ marketing strategy for its Disneyland Paris, particularly when it came to the eateries in the park. The
jek_recluse [69]

Answer:

Multidomestic

Explanation:

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Companies that practice multidomestic strategy tend to have many differentiated products to serve different countries.

In this instance Disney featured recipes that were revised for local tastes, alcoholic beverages (not permitted in previous parks), and increased outdoor seating.

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3 years ago
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Planning

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3 years ago
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The perimeter of a rectangle is 42cm and its area is 68cm2. Find its length and breadth.​
raketka [301]
<h2>Length = 4cm breadth = 17cm</h2>

Explanation:

Given P = 42 cm and Area = 68cm^2

<em>So we apply the above values to its formula to find length and breadth</em>

P = 2L + 2w = 42cm  

L + w = 21cm  (dividing the above statement by 2)

(21-w)w = 68cm^2    

w^2 - 21w + 68 = 0  (moving variables and framing equations)

(w - 17)(w-4) = 0 , w = 4cm,17cm    (calculating the values by using the equation)

Rectangle is 4cm by 17cm

7 0
3 years ago
he avenues a business uses to reach customers, like a website, store, or advertising, defines which section of the Lean Canvas B
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Hence, the avenues a business uses to reach customers, like a website, store, or advertising, defines the channels section of the Lean Canvas Business Model. Channels comprises of inbound and outbound channels. The inbound channel is a medium used for bringing in customers to your business such as blogs, websites, social media applications, white papers etc. Also, the outbound channel such as Ads, trade fair, calls, convention etc., leads the business to the entrepreneur's customers and potential buyers.

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