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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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Electronic banking provides safety of your money, and allows you to monitor transactions.
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Curry Seasonings has a patented technology for finely grinding spices while maintaining flavor. This has allowed the company to
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<em>Run a recoverability test and then a fair value test.</em>

Explanation:

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<em>Measuring the magnitude of the loss requires two steps:</em>

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3 years ago
Assume that Thomas can afford to buy as many candy bars and ice cream cones as he wants. He would continue to consume both candy
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Answer:

Marginal utility of each becomes negative

Explanation:

Utility is defined as the level of satisfaction that a person gets from consuming a product.

The person keeps on consuming the item until the level of marginal utility for the product becomes less than zero.

That is there is no satisfaction anymore in consuming the product.

In the given instance Thomas will continue to consume both candy bars and ice cream until the level of satisfaction (marginal utility) is now less than zero or negative

3 0
3 years ago
At its simplest, acquisition management can be viewed as:
Goryan [66]

Answer:

The correct answer is letter "D": project management plus operations management.

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Acquisition management refers to all the efforts a company makes to obtain the materials necessary for the operations process stage to take place. Labor, land, and equipment are the main factors that the company must acquire to make its project become true. Under that scenario, project management and <em>operations management </em>are the core of the <em>acquisition management</em>.

3 0
3 years ago
Belinda keeps a record of her expenses for the week as shown:
Mademuasel [1]

Answer:

d. $38.00

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The computation of the overall Belinda expense for the week is shown  below:

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= $38

We have added all the types of expenses that are provided in the case i.e. bus fare, lunch out, hair cut and movie rental expenses.

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