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JulsSmile [24]
3 years ago
9

Marcy's, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarter

report, the company reported Cost of Goods Sold of $2,100 million, ending inventory for the third quarter of $3,200 million, and ending inventory for the previous quarter of $2,800 million. Estimate merchandise purchases for the third quarter.
Business
1 answer:
Akimi4 [234]3 years ago
7 0

Answer:

$2,500 million

Explanation:

Calculation to Estimate merchandise purchases for the third quarter

Using this formula

Third quarter merchandise purchases= Ending inventory + Cost of goods sold - Beginning inventory

Let plug in the formula

Third quarter merchandise purchases= $3,200 million + $2,100 million - $2,800 million

Third quarter merchandise purchases= $2,500 million

Therefore The Estimated merchandise purchases for the third quarter will be $2,500 million

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You were recently promoted to the head of the machine shop. As you start to look around, you notice that there are many machines
galina1969 [7]

Answer:

Here we can use a approach which is know as 5 S PLUS 1 S.

Explanation:

This approach of 5 S PLUS 1 S means sort, set in order, shine, standardize,sustain and safety, this is a very common method that corporations uses to increase both their efficiency and productivity with decreasing the wastage of materials.

In this organization workplace method, we start with sorting out all the unnecessary material that we don't need  and then we start organizing the workplace, as it is important to keep all the inventories and other useful materials or tools properly and then comes the step of keeping useful stuff tidier and would help in maintaining a certain level of standard in the production and by keeping doing all these things an organization can maintain sustainability and keep the company free from any hazards.

7 0
3 years ago
Novak Corp. has these accounts at December 31: Common Stock, $12 par, 5,500 shares issued, $66,000; Paid-in Capital in Excess of
PSYCHO15rus [73]

Answer:

Total stockholders equity = $118,000

Explanation:

Novak Corp.

Balance sheet (stockholders' equity section)

As a December 31 20YY

Stockholders' equity

Common stock ($12 per, 5,500 share issued)                      = $66,000

Paid-in Capital in Excess of Par Value - Common stock      = $19,000

Less: Treasury Stock (500 shares)                                        = ($11,000)

Shares outstanding (5000 shares)                                        = $74,000

Retained Earnings                                                                   = $44,000

Total stockholders equity                                                       = $118,000

3 0
3 years ago
Beautiful Watches has two product lines: Luxury watches and Sporty watches. Income statement data for the most recent year follo
mr_godi [17]

Answer:

Option (A) is the correct answer to this question.

Explanation:

The cessation of the Sporty line would forfeit the profits produced by the Sporty line business, but the business (Beautiful Watches) will have to bear the $38,000 fixed expenses involved by Spotify Watches.

However, if production continued, the Sporty watches would have suffered a loss of $32,000. The company will bear fixed costs regardless of whether the company continues or discontinues the Sporty line market.

Accordingly, the gross operating profits should have been

= Total operating expenses -  ( $ 38000 - $ 32000)  

= $ 55000 - ( $ 38000 - $ 32000)

= $ 55000 - $ 6000

= $ 49000

There is also a fall of $6000 ($55000-$49000) in operating profits.

Other options are incorrect because they are not related to the given scenario.

7 0
3 years ago
Cash receipts for January are expected to total $171,000. Cash disbursements for January are expected to be $158,000. The compan
Monica [59]

Answer:

Expected cash balance = $48000

Explanation:

Given

Cash receipts = 171000

Cash disbursements = 158000

Starting period = 35000

Minimum desired cash balance = 10000

From the above,

Cash available = Cash receipts + starting period

= 171000 + 35000

= 206000

Therefore,

Cash balance at the month end

= Cash available - Cash disbursements (payments)

= 206000 - 158000

= $48000

7 0
3 years ago
Which quality is a requirement in order for a destination to become a tourism destination area (TDA)?
valkas [14]
Should be accessible for road...,
7 0
4 years ago
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