subject
Business, 21.11.2019 19:31 mandilynn22

Harvey's junk jewelry started business

harvey's junk jewelry started business january 1, 2016, and uses the lifo retail method to estimate ending inventory. listed below is data accumulated for the year ended december 31, 2016:

cost retail
beginning inventory $15,000 $23,000
purchases 49,000 78,000
freight-in 2,500
purchase returns 1,700 2,600
net markups 2,000
net markdowns 4,100
net sales 70,600
employee discounts 700
to the nearest thousand, the estimated ending inventory at cost is (round cost-to-retail ratio to whole percentage):

(a) $16,000.
(b) $15,000.
(c) $13,000.
(d) $19,000.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Which of the following best describes the purpose of raising and lowering the required reserve ratio? a. to make sure that government spending does not result in either a surplus or deficit. b. to stimulate economic growth by making it less expensive for producers to get loans. c. to manage the economy by increasing or decreasing the amount of loans being made. d. to regulate the activity of private banks to assure an equitable distribution of wealth. 2b2t
Answers: 3
question
Business, 21.06.2019 23:30
You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?
Answers: 2
question
Business, 22.06.2019 00:00
When is going to be why would you put money into saving account
Answers: 1
question
Business, 22.06.2019 09:40
Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?
Answers: 2
You know the right answer?
Harvey's junk jewelry started business

harvey's junk jewelry started business january 1...
Questions
question
Business, 08.04.2021 07:10
question
English, 08.04.2021 07:10
question
Chemistry, 08.04.2021 07:10
question
Mathematics, 08.04.2021 07:10
Questions on the website: 13722363