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3 years ago

Clooney Department Store estimates inventory by using the retail inventory method. The following information was developed:

Business

1 answer:

Butoxors [25]3 years ago

7 0

Answer:

$420,000

Explanation:

The estimated cost of inventory is calculated as;

= (Beginning inventory at cost + purchases at cost ) ÷ (Beginning inventory at retail + Purchases at retail)

= ($360,000 + $900,000) ÷ ($750,000 + $1,350,000)

= 0.60; ($2,100,00 - $1,400,000) × 0.60

= $420,000

Therefore, the estimated cost of the ending inventory is $420,000

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3 years ago

Which of the following versions of corporate social responsibility suggests that the long - term financial well - being of every

AURORKA [14]

Answer:

Sustainability

Explanation:

Sustainability is based on addressing current requirements without undermining future coming generations ' capacity to satisfy their desires.Sustainability motivates companies to shape choices in respect of time period rather than on the income release for the next quarter and recognize more determinants than just the gains or losses associated.

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3 years ago

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Answer:

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3 years ago

Hercules movers pays a constant annual dividend of $1.75 per share on its stock. last year at this time, the market rate of retu

ipn [44]

Capital gain is computed in the formula below:

Capital gain= [(Current price-Original price)/ Original price ]x100
If stocks before
Original price =$1.75 x (1+14.8%)
= $2.009
Current price = $1.75 x(1+11.2%)
= $1.956

Capital gains yield = [($1.956-$2.009)/($2.009)]x100
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= -26.4
Capital loss of 26.4% because the stock value decreased.

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4 years ago