Beginning inventory, january 1: $4,000 net sales: $80,000 net purchases: $78,000 the company's gross margin ratio is 25%. using the gross profit method, the estimated ending inventory value would be:

$26,000

Explanation:

Beginning inventory, january 1: $4,000

net sales: $80,000

net purchases: $78,000

If the company's gross margin ratio is 25%. using the gross profit method, the estimated ending inventory value would be derived from the formula -

1. Beginning inventory + Purchases - ending inventory = Cost of Goods Sold.

and

2. Sales - Cost of Goods Sold = Gross profit.

Therefore beginning from 2. If the gross profit is 25%, then the Cost of Sales is 75% of Sales value which is 0.7 x $80,000 = $56,000

Therefore going to formula 1 above, and using 56,000 as the value of Cost of goods sold:

Beginning inventory + Purchases - Ending inventory = Cost of Goods Sold. which implies that 4,000+78,000 - ending inventory = $56,000

Therefore ending inventory = 78,000 + 4000 - 56,000 = $26,000

$22,000

Explanation:

cost of goods sold = beginning inventory + purchases - ending inventory

COGS = 75% of total sales = 75% x $80,000 = $60,000

$60,000 = $4,000 + $78,000 - ending inventory

ending inventory = $82,000 - $60,000 = $22,000

employers prefer to hire ingenious, resourceful people because ingenious people may be more liable to engage in unethical deportment as they can cerebrate outside of the box

the correct answer is b.)