Howard Supply Co suffered a fire loss on April 20,2011. The companys last physical inventory was taken on January 30,2011 at which time the inventory totaled 220,000. Sales from Jan 30 to April 20 were $600,000 and purchases during that time were $450,000. Howards consistently reports a 30% gross profit. The estimated inventory loss is:

a 490,000
b 238,000
c 250,000
d none

C.$250,000

Explanation:

Beginning inventory $220,000

Add Net purchases $450,000

Goods available for sale $670,000

Less: Cost of goods sold:

Net sales $600,000

Less: Estimated gross profit($180,000)

Estimated cost of goods sold(420,000)

Estimated ending inventory

($670,000-$420,000)$250,000

Therefore the estimated inventory is $250,000

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~

answer; radioactive decay)