Answer:
The estimated inventory at the end of February is $73400 as shown below
Explanation:
Beginning Inventory $57,800
Plus: Net purchases $120000
Freight-in $2,700
Cost of Goods Available for Sale $180500
less: Cost of Goods Sold
Net Sales$180000
Less Estimated Gross Profit $81000
Estimated Cost of Goods Sold $99000
Estimated Inventory before Theft 81500
Less: Stolen Inventory 8,100
Estimated Ending Inventory 73400
Gross profit $180000*45%=$81000
Answer:
A static budget is one that shows estimated revenues and costs at multiple activity levels.
True
Which of the following is not typically found in a decentralized organization?
Asset center
Explanation:
Answer:
$150,000
Explanation:
Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,
Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)
Beginning Inventory = $160,000 in retail
Net purchases = $500,000 in retail +$10,000 Markups
Cost of goods sold = $500,000
So, End Inventory = 160,000+500,000+10,000-500,000
End Inventory = $150,000
Answer: Option A
Explanation: Sales promotion is the method of convincing a prospective consumer to buy the commodity. Sales promotion is intended to be used as a brief-term tool to boost sales – it is seldom appropriate as a way to develop long-term customer retention.
Giving discount, rebates and other such special offers are some of the many examples of sales promotion. In simple words,it is done to boost the sales for the current period.
In the given case, Amazon is also offering money saving offers to attract customers. Hence we can conclude that this is an example of sales promotion.
Answer:
Yes.
I agree with the statement that "Persistent long-term growth is most achievable in moderate rates."
Explanation:
For instance, Company B may not be motivated to continue on its growth trajectory because it has doubled in size in a few years. The reason for this demotivation is that to achieve further growth may not become a motivator and it may not be repeatable, with management relaxing its growth efforts. Companies that achieve persistent long-term growth usually grow at moderate rates.
