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AlladinOne [14]
3 years ago
12

Crane Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information

for the month of May.
Inventory, May 1 $ 162,000
Purchases (gross) 637,500
Freight-in 28,600
Sales revenue 1,031,100
Sales returns 69,600
Purchase discounts 11,500
(a) Compute the estimated inventory at May 31, assuming that the gross profit is 30% of sales.
(b) Compute the estimated inventory at May 31, assuming that the gross profit is 30% of cost.
Business
1 answer:
MakcuM [25]3 years ago
4 0

Answer:

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Explanation:

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Burton Pharmaceuticals is a fast-growing drug company based in Dallas. Top executives at Burton realize that human capital plays
larisa [96]

Answer:

Option B

Explanation:

In simple words, Human resources refers to the  set of individuals who make up the working population of an organisation, a business community, an industry or perhaps a financial system. Human resources, the knowledge that physical interaction, is a smaller concept.

Thus if there has been a lawsuit regarding a hiring process then it is optimal to include HR division of the enterprise into the mainstream operations of the company.

5 0
3 years ago
Match the tasis with the professionals who do them
Sidana [21]

Answer:

Purchasing Agent:

-Attend Conferences and trade shows to find new products

-Negotiate contracts with suppliers

Office Clerk:

-File paperwork according to a filing system in the office

-Type data into software to be used by the company

Freight Forwarder:

-Calculate the weight and volume of cargo

-Track shipments to make sure that they arrive on time

Explanation: I took the test.

8 0
3 years ago
Read 2 more answers
The bid-ask spread exists because of _______________. A. market inefficiencies B. discontinuities in the markets C. the need for
SashulF [63]

Answer:

C. the need for dealers to cover expenses and make a profit

Explanation:

In the market for securities there are two pricing of securities.

The ask price is the price at which the buyer is willing to purchase a security.

The ask price or the offer price is price at which the seller of a security is willing to sell it. Ask price can be firm or negotiable.

Bid ask spread is the difference between the highest amount a buyer is willing to buy a security and the lowest price at which a seller is willing to sell it.

This spread exists because dealers need to cover expenses and make a profit

8 0
3 years ago
A CFO is looking at the end-of-year financial statements. His goal is to identify the store that performed the best over the pas
beks73 [17]

Answer:

All accounting process are important.

Explanation:

All the recording of facts are important because the recording of facts enables the company to look the company with a financial perspective. In this scenario the accounting system can be used to see which store has generated more than the rest of the stores and will help CFO to reward the staff and use their tactics to implement in the other stores to increase the efficiencies of other stores.

7 0
3 years ago
Assume that the full-employment level of output is $2,000 and the price level associated with full-employment output is 100. Als
olya-2409 [2.1K]

Answer:

The correct answer is option a.

Explanation:

The full-employment level of output is $2,000.

The current level of output is $1,900.  

The current aggregate demand is $1,850.  

There is a need to increase the aggregate demand by $150 to reach full employment level.  

The government increases purchasing by $30.  

Increase\ in\ income\ =\ Change\ in\ government\ spending\ \times\ spending\ multiplier

\$ 150\ =\ \$ 30\ \times\ \frac{1}{1-MPC}

\$5 = \frac{1}{1-MPC}

1 - MPC = \frac{1}{5}

MPC = 1 - 0.2

MPC = 0.8

6 0
3 years ago
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