Business, 17.12.2019 21:31 honeylebling

Smith distributors, inc., supplies ice cream shops with various toppings for making sundaes. on november 17, 2013, a fire resulted in the loss of all of the toppings stored in one section of the warehouse. the company must provide its insurance company with an estimate of the amount of inventory lost. the following information is available from the company's accounting records:

fruit
toppings marshmallow
toppings chocolate
toppings
inventory, january 1, 2013 $ 22,000 $ 7,200 $ 3,200
net purchases through nov. 17 160,000 38,000 12,200
net sales through nov. 17 210,000 57,000 20,200
historical gross profit ratio 20 % 30 % 30 %
required:
1.
calculate the estimated cost of each of the toppings lost in the fire.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 19:00

It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent

Answers: 3

Answer

Business, 22.06.2019 19:20

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.

Answers: 2

Answer

Business, 22.06.2019 20:10

Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%

Answers: 2

Answer

Business, 22.06.2019 20:30

Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions

Answers: 3

Answer

You know the right answer?

Smith distributors, inc., supplies ice cream shops with various toppings for making sundaes. on nove...

Questions