Solution-What was the cost of shrinkage during year ended

What was the cost of shrinkage during year ended february

Reference no: EM133102574

Question - In the year ended February 2, 2019, Madi's reported cost of goods sold (before shrinkage) of $17.9 billion; February 2, 2019, inventory of $7.5 billion; and ending inventory for the previous year (February 3, 2018) of $7.2 billion.

Required - If the cost of inventory purchases was $18.7 billion, what was the cost of shrinkage during the year ended February 2, 2019?

Reference no: EM133102574

Questions Cloud

How much would that stream of income be : If you get payments of $15,000 per year for the next ten years and interest is 4%, how much would that stream of income be worth in present value terms

How do you demonstrate credibility when writing a paper : How do you demonstrate credibility when writing a paper? What specific things can you do to demonstrate your own credibility? What are some tools or tips on cre

How google proved management matters : Google faced a challenge. Ever since the company started, it's highly trained and self-motivated engineers questioned whether they needed managers.

Four dimensions of ei self-awareness : What is the analysis of the four dimensions of EI (self-awareness, self-management, social awareness, and social skills)? ( use Reosurces, apa)

What was the cost of shrinkage during year ended february : If the cost of inventory purchases was $18.7 billion, what was the cost of shrinkage during the year ended February 2, 2019

Detailed extension of preliminary report : Recommendations and next steps for the business person's project/request; the report will be sent to the course instructor, who in turn will relay the report

Estimate the final inventory : Briefly summarize the steps in the gross profit method to estimate the final inventory and indicate when this method can be used

Calculate the average return on both the fund : Calculate (a) the average return on both the Fund and the index, and (b) the standard deviation of the returns on each

Plan for the new venture project : Plan for the new venture project - Review and understand what is required and/or desired by the entrepreneur

User Account

All Pages

What was the cost of shrinkage during year ended february

Reference no: EM133102574

Reference no: EM133102574

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT