This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Extra Manufacturing maintains a gross margin of 30 on all of its merchandise. In March the company ... (Read 56 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
on: Jun 24, 2018
Extra Manufacturing maintains a gross margin of 30 on all of its merchandise. In March the company had a beginning inventory of 416,800, net purchases of 201,500, and net sales of 660,200. Use the gross profit method to estimate the cost of ending inventory as of March 31.
 A) 420,240
  B) 569,940
  C) 264,080
  D) 156,160

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?  For the problem above, The unknown element is called the Portion. The formula for finding the portion is  Portion = Rate X Base
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

choc0chan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


nelaaney

  • Member
  • Posts: 560
Reply 2 on: Jun 24, 2018
:D TYSM

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through In The Gross Clinic (1875), by Thomas Eakins, Professor Samuel Gross’s team of surgeons cuts through
Spoon a few chunks of tofu onto your salad bar lunch for extra calcium Spoon a few chunks of tofu onto your salad bar lunch for extra calcium
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Easter story kids March 20 2024 Easter story kids March 20 2024
Video: Ear Animation

For a complete list of videos, visit our video library