FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: Sales, January 1 through

image text in transcribed
On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: Sales, January 1 through July 8 Inventory, January 1 Purchases, January 1 through July 8 Gross profit ratio $699,000 135,000 646,eee 24% What is the estimated inventory on July 8 immediately prior to the fire? Multiple Choice $250 960 $155.040 $249.760

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Home Energy Audit Your Guide To Understanding And Reducing Your Home Energy Costs

The Home Energy Audit Your Guide To Understanding And Reducing Your Home Energy Costs

Authors: Richard Montgomery

1st Edition

ISBN: 0471864668, 978-0471864660

More Books

Students also viewed these Accounting questions

Question

★★★★★
Two coherent plane waves travel at angle q 0 toward a photographic plate. Show that the distance between fringes of constructive interference on the plate is given by d = λ...

Answered: 1 week ago

Question

★★★★★
2. Explain with examples each of the seven steps in the strategic planning process.

Answered: 1 week ago

Question

★★★★★
23. Two different computer systems are monitored for a total of n weeks. Let Xi denote the number of breakdowns of the first system during the ith week, and suppose the Xis are independent and drawn...

Answered: 1 week ago

Question

★★★★★
EnterTech has noticed a significant decrease in the profitability of its line of portable CD players. The production manager believes that the source of the trouble is old, inefficient equipment used...

Answered: 1 week ago

Question

★★★★★
On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: Sales, January 1 through July 8 Inventory, January 1...

Answered: 1 week ago

Question

★★★★★
(The information below applies to the following problems 8-9) A bank has $200 million in assets in the 0 percent risk-weight category. It has $400 million in assets in the 20 percent risk-weight...

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below.] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your...

Answered: 1 week ago

Question

★★★★★
Compute the percentile rank of City B's 2000 homicides. Question 2 3.03 out of 3.03 points 5.17.What is the percent of area beyond z=1.66? Question 3 3.03 out of 3.03 points 5.25.What percentage of...

Answered: 1 week ago

Question

★★★★★
Scenario Instructions MortgageFirst has decided to move forward with 'Strategy #1': To increase the number of new leads as well as to target a population between 19-55 years of age. Specifically...

Answered: 1 week ago

Question

★★★★★
Business law 1. Which of the following is (are) important consideration(s) concerning activity times? https://blog.smarp3.com/management5-communication8-guide 2. "A gives an offer in the newspaper...

Answered: 1 week ago

Question

★★★★★
Engineers at electronic company use special wire to manufacture fuzzy logic circuit boards. The wire comes in 1,260 foot rolls that cost $2,700 each. Each board requires 4 1/5 feet of wire. How many...

Answered: 1 week ago

Question

★★★★★
3. If you were an MWEB customer, would you consider MWEBs response to the security breach to be acceptable? Why or why not? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has...

Answered: 1 week ago

Question

★★★★★
3. What makes Stuxnet different from other cyberwarfare attacks? How serious a threat is this technology? In July 2010, reports surfaced about a Stuxnet worm that had been targeting Irans nuclear...

Answered: 1 week ago

Question

★★★★★
1. What technology issues led to the security breach at MWEB? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has established itself as a company that provides a cutting-edge...

Answered: 1 week ago

Previous QuestionNext Question