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Sedaia [141]
2 years ago
15

Select the correct answer.

Business
1 answer:
never [62]2 years ago
3 0

Answer:

d

Explanation:

to calculate gross profit for a given accounting period

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The musical instrument store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. t
guapka [62]
To find the value of the inventory to the nearest cent: 
Estimated costs are: $18,750
Storage costs: 12%
Interest costs: 12%
Transportation costs: 5%
Let's add the costs up: 12% + 12% + 5% = 29%  

We are solving for the value of inventory so in this case we will make that X.
X = estimated costs/interest amounts 
X = $18,750/29% 
X = $18,750/0.29
X = $64,655.17

The value of the inventory is $64,655.17

To check your work you can take $64,655.17 and multiply it by 29%
= $18,750
6 0
3 years ago
Why is fr33 p01nts banned
igor_vitrenko [27]

Answer:

oh I didn't even know it was lol but thanks for them

6 0
2 years ago
Read 2 more answers
For most producing firms:_______.
irinina [24]

Answer:

letter a is the correct answer

Explanation:

5 0
3 years ago
Which of the following is a good inventory storage practice?
ValentinkaMS [17]

Answer:

B.

Explanation:

B. First in First out is good I guess

3 0
3 years ago
Read 2 more answers
Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom.
rosijanka [135]

Answer:

a. the college is a constructive bailee, obligated to return the textbook to Lacy, and until it does, it is liable for harm to the property.

Explanation:

When a party comes into possession of a property not by contractual agreement, they are referred to as constructive bailee and are obligated to take care of the property till it is returned to the owner.

The bailee does not willingly take possession of the property, rather unforseen circumstances leads to them possessing it.

This is common when a person forgets his property in a place.

In the given scenario the college (Dean of Business College) became a constructive bailee when they recieved the misplaced textbook. So they are obligated to care for the textbook till it get back to Lacy or be held liable for any harm done

4 0
2 years ago
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