Baskin-robbins is one of the world’s largest specialty ice cream shops. the company offers dozens of different flavors, from very berry strawberry to lowfat espresso ’n cream. assume that a local baskin-robbins in raleigh, north carolina, has the following amounts for the month of july 2021. salaries expense $ 13,700 sales revenue $ 69,800 inventory (july 1, 2021) 2,300 interest income 3,300 sales returns 1,100 cost of goods sold 28,700 utilities expense 3,600 rent expense 6,700 income tax expense 6,000 interest expense 400 inventory (july 31, 2021) 1,100

required: prepare a multiple-step income statement for the month ended july 31, 2021.

Thirty years ago daniel bought a plot of land for $50,000 when the cpi was 50. now the cpi is 180 and he sold the land for $180,000. what issue might inflation cause for daniel?

If kroger had whole foods’ number of days’ sales in inventory, how much additional cash flow would have been generated from the smaller inventory relative to its actual average inventory position? round interim calculations to one decimal place and your final answer to the nearest million.

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.