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0065-600,000 120,000 36) Tanya's Beer Shoppe, Inc. had a fire. The entire inventory was lost. TI together a claim for the insurance company. Sales this

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0065-600,000 120,000 36) Tanya's Beer Shoppe, Inc. had a fire. The entire inventory was lost. TI together a claim for the insurance company. Sales this year were $800 The average gross margin percentage is 20%. The inventory at the be $240,000 (at cost). The company had purchased $600,000 of beer this the date of the fire. How much can Tanya's Beer Shoppe claim as lost in the fire? Inv=240,000 A $ 680,000 Sales - 800,000 B. $200,000 C. $ 240,000 Gross Margin - 20% D. $ 500,000 COGS - 160,000 E. $ 640,000 160,000 - 240,000* Your Answer 600,000 closing Stock 680,000 37) Tanya Revisited. Go to the last problem. Instead of "the average gross n replace it with "The average markup on its products is 150%." How much can Tanya's Beer Shoppe claim as lost in the fire? A. $160,000 B. $ 306.667 C $ 533,333 D. $ 500,000 E. $ 520,000 Your Answer Sales / Markup -COGS 800,005)(1.5) 533,333.33

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