35,36,37

Paid in Capital, beginning Paid in Capital, ending Retained Earnings, beginning Retained Earnings, ending Dividends paid during the year | 220,000 240,000 180,000 285,000 10,000 172 35) The following information is available for McKenzi Company 173 Cash ending. $20,000 74 Cash beginning 30,000 175 Total assets ending 790,000 176 Employees, ending number 728 177 Total Laibilities, ending 285,000 78 Common Stock ($1 par), ending 26,000 The Net Income for the year was 80 A $ 105,000 B. $ 125,000 C. $ 85,000 D. $ 20,000 E. Would need more information or none of these Your Answer 18/36) N- Tanya's Beer Shoppe, Inc. had a fire. The entire inventory was lost. The owners are putting together a claim for the insurance company. Sales this year were $800,000 up until the fire. The average gross margin percentage is 20%. The inventory at the beginning of the year was $240,000 (at cost). The company had purchased $600,000 of beer this year (at cost) up until the date of the fire. How much can Tanya's Beer Shoppe claim as lost in the fire? A. $ 680,000 B. $ 200,000 C. $ 240,000 D. $ 500,000 E. $ 640,000 Your Answer 37) Tanya Revisited. Go to the last problem. Instead of The average gross margin percentage is 20% roplace with "The average markup on its products is 150%.1 How much can Tanya's Beer Shoppe claim as lost in the fire? A $160,000 B. S 306.667 C. $ 533,333 D. S 500,000 E. S 520,000