1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ycow [4]
2 years ago
6

On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following i

nformation is available:
Beginning inventory, January 1: $5000
Net sales: $79,000
Net purchases: $77,000
The company's gross margin ratio is 20%. Using the gross profit method, the estimated ending inventory value would be:_____.
A) $18,800.
B) $82,000.
C) $15,800.
D) $63,200.
E) $15,400.
Business
1 answer:
sveticcg [70]2 years ago
8 0
D) 63,200 ……………….hope this helps
You might be interested in
Katie Inc. reported net income of $171,000 for the current year and paid dividends of $26,000 on common stock. It also has 10,00
yulyashka [42]

Answer:

The company’s return on common stockholders’ equity for the present year is 7.9%

Explanation:

The return on common stockholders’ equity of the company for the present year is computed as:

= Net Income - (Shares x 6% x  Rate of shares)

where

Net Income is $171,000

Shares is 10,000

Rate is $100

Putting the values in the above:

=$171,000 - (10,000 x .06 x $100)

= $171,000 - $60,000

= $111,000

Return on common stockholders’ equity  = [ $111,000 / Common stockholders’ equity on January 1 + Common stockholders’ equity on December 31 / 2 )]

= ([$111,000($1,200,000+$1,600,000 /2 )]

= $111,000 / ($28,00,000 / 2)

= $111,000 / $14,00,000

= 0.079 or 7.9%

3 0
3 years ago
complete the sentences about english with your own ideas then compare your sentences пж мне нужно пускай не будет похожей на дру
Sidana [21]

Answer:

its 4

Explanation:

..

6 0
3 years ago
When the craving for pizza increases, the ability to concentrate decreases?
Reptile [31]
Yes it always decreases 
3 0
3 years ago
Read 2 more answers
A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products. The b
zloy xaker [14]

"A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products." Social Media Planning is part of the e-commerce timeline. This is further explained below.

<h3>What is Social Media Planning?</h3>

Generally, A social media strategy, or strategy for using social media, is a comprehensive list of all the things you want to do and accomplish on your various social media sites.

In conclusion, "A sales associate has been employed to create blog entries that will be routinely published on a site about new beauty items," the sentence said. "The blog will discuss new beauty products." The planning of social media campaigns is included in the e-commerce timeline.

Read more about Social Media Planning

brainly.com/question/18958181

#SPJ1

6 0
1 year ago
As an intern in a marketing department, Rachel uses her laptop to get data off her company's computer network and then uses the
REY [17]

The answers is A server

5 0
2 years ago
Read 2 more answers
Other questions:
  • our uncle is about to retire, and he wants to buy an annuity that will provide him with $57,000 of income a year for 20 years, w
    10·1 answer
  • Suppose you value a special watch at $100. You purchase it for $75. On your way home from class one day, you lose the watch. The
    10·1 answer
  • Which of the following statements is not true? Multiple Choice
    7·1 answer
  • Which tasks are done by both historians and detectives? Check all that apply.
    6·2 answers
  • Equipment that had been acquired several years ago by a special revenue fund at a cost of $40,000 was sold for $15,000 cash. Acc
    14·1 answer
  • The maturity value of a 90-day note for $4,000 with an interest rate of 10 percent is?
    15·1 answer
  • The charter of Vista West Corporation specifies that it is authorized to issue 214,000 shares of common stock. Since the company
    12·1 answer
  • When sales exceed production and the company uses the LIFO inventory flow assumption, the net operating income reported under va
    12·1 answer
  • A factory can produce cars and trucks. If the price of cars increases, then the supply of trucks will
    5·1 answer
  • Your creditworthiness is measured by a number called a.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!