When mary potts arrived at her store on the morning of january 29, she found empty shelves and display racks; thieves had broken in during the night and stolen the entire inventory. accounting records showed that inventory costing $56,000 on january 1. from january 1 to january 29, potts had made net sales of $78,400 and net purchases of $89,600. the gross profit during the past several years had consistently averaged 43 percent of net sales. potts plans to file an insurance claim for the theft loss. using the gross profit method, estimate the cost of inventory at the time of the theft.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.