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
denpristay [2]
3 years ago
12

You own a shoe store with a merchandise book value of $178,000. You conduct a physical inventory and find the value to be $169,0

00. Your total sales between inventories totaled $476,000. Calculate the shrinkage as a percentage of sales.
Business
1 answer:
lozanna [386]3 years ago
6 0

Answer:

1.89%

Explanation:

The book value of the merchandise is  $178,000

Physical inventory reveals stock is worth $169,000

The shrinkage = $178,000 - $169,000

=$9000

As a percentage of sales, the shrinkage will be

=$9000/$476,000 x 100

=0.0189076 x 100

=1.89%

You might be interested in
Trends in twenty-first century health care in the United States are described as revolutionary by Longenecker and Longenecker (2
blondinia [14]

Answer: A. <em>New laws and regulations from the Affordable Care Act (ACA) to cut costs and improve indicators of quality and staffing challenges.</em>

Explanation: The modern and recent trends and legislation which dwell more on preventive medicine and make medical care available and affordable to the everyone will help to improve the overall well being of people.

ACA (AFFORDABLE CARE ACT) which people also call the ''Obama care'' was founded in the year 2010, through a Bill passed by 111th Congress of the United States is aimed that helping to subsidize health care and make it affordable to the poor.

7 0
3 years ago
In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?
solong [7]
You have no insurance.
7 0
3 years ago
Which of the following is the main incentive for a manufacturer to sell a product?
8_murik_8 [283]
D. making profits on sales
7 0
3 years ago
According to the rule of 72, if holly invests $200, $400, and $1000 into three separate accounts with the same interest rate, wh
777dan777 [17]
It will double at the same rate
7 0
3 years ago
Read 2 more answers
Sands Company purchased mining rights for $500,000.
Ivanshal [37]

Answer:

b) a debit to Depletion Expense for $175,000

Explanation:

The computation of the depletion expense is shown below:

Depletion expense = (Purchase of mining rights × current year mined tons of ore) ÷ (expected harvested tons of ore)

= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)

= $175,000

So the journal entry would be

Depletion Expense A/c Dr $175,000

           To Accumulated Depletion A/c $175,000

(Being the depletion expense is recorded)

5 0
3 years ago
Other questions:
  • Sixty years ago, your mother invested $3,800. Today, that investment is worth $430,065.11. What is the average annual rate of re
    5·1 answer
  • Read the scenario.
    9·2 answers
  • American employees of Ujima Corp. learned that they should avoid using their left hand when giving a gift or handing out money w
    14·1 answer
  • Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-st
    11·1 answer
  • Assume the Crash Davis Driving School has a 13.1 percent ROE and a 30 percent payout ratio. Required: What is the sustainable gr
    13·1 answer
  • The long run average cost curve is also called as​
    5·1 answer
  • Labeau Products, Ltd., of Perth, Australia, has $21,000 to invest. The company is trying to decide between two alternative uses
    8·1 answer
  • For the past few months, Denver Framing has experienced high employee turnover. After investigating, human resource manager Kyle
    15·1 answer
  • The principle of exceptions allows managers to focus on correcting variances between.
    10·1 answer
  • Why the economy sees business cycle fluctuations rather than slow, smooth growth is a central issue of ______.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!