Business, 18.01.2020 00:31 amandapill
Big box store has operated with a 30% average gross profit ratio for a number of years. it had $100,000 in sales during the second quarter of this year. if it began the quarter with $18,000 of inventory at cost and purchased $72,000 of inventory during the quarter, its estimated ending inventory by the gross profit method is:
a) $30,000.
b) $21,000.
c) $20,000.
d) $18,000.
e) $27,000.
Answers: 2
Business, 22.06.2019 20:10
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Business, 22.06.2019 21:10
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Business, 22.06.2019 22:50
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Big box store has operated with a 30% average gross profit ratio for a number of years. it had $100,...
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