« previous next »

Author Question: The After Five Boutique took in 748,200 in sales during May. They started the month with inventory ... (Read 46 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
on: Jun 24, 2018
The After Five Boutique took in 748,200 in sales during May. They started the month with inventory worth 419,000 and spent 154,800 on new purchases during the month. Gross margin on sales was 40. Using the gross profit method, estimate the cost value of the inventory at the end of June.
 A) 385,100
  B) 124,880
  C) 134,880
  D) 724,250

Question 2

30 of the graduating class of North College received immediate job offers. If there were 650 graduating students, how many students received job offers?  The solution to the problem above is 21.667.
  Indicate whether the statement is true or false


bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Inventory of the Universe Inventory of the Universe
Styles of Coping and Examples from the Brief COPE Inventory Styles of Coping and Examples from the Brief COPE Inventory
Exploring Getting Started With Microsoft Windows 8 Exploring Getting Started With Microsoft Windows 8
6 month old baby in highchair eating 6 month old baby in highchair eating
7-month-old Leslie —an example of cross-modal transfer 7-month-old Leslie —an example of cross-modal transfer
Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ... Siri plans to retire in 18 years and would like to receive $10 000.00 per month for twenty ...
Video: Helper T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library