You are called by tim duncan of crane co. on july 16 and asked to prepare a claim for insurance as a result of a theft that took place the night before. you suggest that an inventory be taken immediately. the following data are available. inventory, july 1 $ 37,100 purchases"goods placed in stock july 1-15 82,500 sales revenue"goods delivered to customers (gross) 111,000 sales returns"goods returned to stock 4,400 your client reports that the goods on hand on july 16 cost $29,000, but you determine that this figure includes goods of $6,600 received on a consignment basis. your past records show that sales are made at approximately 40% over cost. duncan's insurance covers only goods owned. compute the claim against the insurance company. (round ratios for computational purposes to 2 decimal places, e. g. 78.73% and final answer to 0 decimal places, e. g. 28,987.) claim against the insurance company $

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false