Exercise 8.10 estimating inventory by the retail method phillips supply uses a periodic inventory system but needs to determine the approximate amount of inventory at the end of each month without taking a physical inventory. phillips has provided the following inventory data. cost price retail selling price inventory of merchandise, june 30 $300,000 $500,000 purchases during july 222,000 400,000 goods available for sale during july $522,000 $900,000 net sales during july $600,000 estimate the cost of goods sold and the cost of the july 31 ending inventory using the retail method of evaluation. was the cost of phillips’s inventory, as a percentage of retail selling prices, higher or lower in july than it was in june? explain.

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Your team has identified the risks on the project and determined their risk score. the team is in the midst of determining what strategies to put in place should the risks occur. after some discussion, the team members have determined that the risk of losing their network administrator is a risk they'll just deal with if and when it occurs. although they think it's a possibility and the impact would be significant, they've decided to simply deal with it after the fact. which of the following is true regarding this question? a. this is a positive response strategy.b. this is a negative response strategy.c. this is a response strategy for either positive or negative risk known as contingency planning.d. this is a response strategy for either positive or negative risks known as passive acceptance.

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?