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Pani-rosa [81]
3 years ago
10

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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Sofia works for Galaxy Manufacturing Inc., where her team shares a machine and materials with another team that works a differen
frosja888 [35]

The two teams sharing a work space and machine is known as sequential interdependence.

<h3>What is sequential interdependence?</h3>

Your team members depend on one another in predictable ways for the flow of information, tasks, and decisions when there is sequential interdependence.

It has the following features-

  • sequential interdependence is a type of task interdependence.
  • The output of one person serves as the input for the following one in the chain.
  • What the name implies is precisely that: sequential dependency. When one department or team must complete a task before another team can, it occurs.

To know about the  task interdependence, here

brainly.com/question/15563791

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7 0
2 years ago
Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.)
Morgarella [4.7K]

Answer:

a. $205,236

b. $24,888

Explanation:

a. The computation of OCF is shown below:-

EBIT = Sales - Cost - Depreciation

= $668,600 - $431,300 - $103,700

= $133,600

Net income = EBIT - Taxes

= $133,600 - ($133,600 × 24%)

= $133,600 - $32,064

= $101,536

Operating cash flow = EBIT - Taxes + Depreciation

= $133,600 - $32,064 + $103,700

= $205,236

b. The computation of depreciation tax shield is shown below:-

Depreciation tax shield = Depreciation × Tax

= $103,700 × 24%

= $24,888

4 0
4 years ago
The free rider problem is a situation in which A. one agent secures benefits that others pay for B. all of the above. C. none of
vfiekz [6]

Answer:

b).  one agent secures benefits that others pay for.

Explanation:

The free-rider problem is described as the problem when some individuals consume or take the benefit of a resource without paying for it. in this problem, one agent is being benefitted from the resources that the others are paying for. This creates a load on a shared resource and eventually causes market failure. In order to cope with this problem, the organizations must ensure a fair distribution of resources and their benefits as per the payment made by the agents. Therefore, option B is the correct answer.

4 0
3 years ago
An all-equity firm reports a net profit margin of 10% on sales of $3 million. if the tax rate is 40%, what is the pretax profit
ludmilkaskok [199]
Help i don't know what the answer is.

7 0
3 years ago
Brandon, a manager at Cerium Corp., is required to provide individual performance feedback to his subordinates. In this scenario
Ilia_Sergeevich [38]

Based on the fact that Brandon has to provide information to subordinates, this communication is at an organizational level.

<h3>What is organizational level communication?</h3>

This refers to communication that takes place between employees of a company as a result of organizational requirements.

Brandon as a manager, has to communicate with other employees who are subordinates so this is organizational level communication.

Find out more on levels of communication at brainly.com/question/26933782.

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6 0
2 years ago
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