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Question - On August 31, a hurricane destroyed a retail location of Vinny's Clothier including the entire inventory on hand at the location. The inventory on hand as of June 30 totaled $640,000. Since June 30 until the time of the hurricane, the company made purchases of $170,000 and had sales of $500,000. Assuming the rate of gross pro?t to selling price is 40%, what is the approximate value of the inventory that was destroyed?
kaighn corporation has two divisions the west division and the east division. the corporations net operating income is
Write about the evolution of payment systems in briefly. What are the factors needed to design electronic payment systems? Explain
Jim Reed manages a fleet of utility trucks for a rural county government. He's been in his job 30 years, and he knows where the angles are. He makes sure that when new trucks are purchased, the salvage value is set as low as possible.
1. what would be the best thing about owning your own business? what would be the worst? this question requires an
Variable costs Fixed costs Mixed costs Classify each cost above as either variable, fixed, or mixed. Direct Materials Direct Labor Utilities Rent Maintenance Supervisory salaries
ACCY211: Management Accounting Assignment. Prepare sales budgets in units and dollars for February and March
The Word for the study of Values in Philosophy is "Axiology," which has the same root as "Axiom" in mathematics. In Axiology, however, values are studied as to what motivates, inspires, of is responsible for human decision making.
Analytical procedure are substantive procedures that may be used to provide evidence about specific accounts and classes of transactions.
leno company manufactures toasters. for the first 8 months of 2014 the company reported the following operating results
In a short essay, discuss the theory of mercantilism and discuss favorable and unfavorable balances of trade as they apply to international business.
Compute the gain or loss to Mann on the settlement of the debt
enks Corporation acquired Linebrink Products on January 1, 2018. What amount of loss on impairment of goodwill should Jenks record in 2018?
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