Grouper corporation’s april 30 inventory was destroyed by fire. january 1 inventory was $160,600, and purchases for january through april totaled $474,000. sales revenue for the same period were $669,900. grouper’s normal gross profit percentage is 30% on sales. using the gross profit method, estimate grouper’s april 30 inventory that was destroyed by fire.

estimated ending inventory destroyed in fire. $

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

You are the cfo of a u.s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u.s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take