Brad essary owned a small company that sold garden equipment. the equipment was expensive, and a perpetual system was maintained for control purposes. even so, lost, damaged, and stolen merchandise normally amounted to 5 percent of the inventory balance. on june 14, essary's warehouse was destroyed by fire. just prior to the fire, the accounting records contained a $136,000 balance in the inventory account. however, inventory costing $16,900 had been sold and delivered to customers but had not been recorded in the books at the time of the fire. the fire did not affect the showroom, which contained inventory that cost $35,000.
required:
estimate the amount of inventory destroyed by fire.

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below.a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample.assume=0.05. what are the null and alternative hypotheses? choose the correct answer below.b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars