This topic contains a solution. Click here to go to the answer

Author Question: The After Five Boutique took in 825,200 in sales during May. They started the month with inventory ... (Read 99 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
The After Five Boutique took in 825,200 in sales during May. They started the month with inventory worth 524,000 and spent 225,500 on new purchases during the month. Gross margin on sales was 30. Using the gross profit method, estimate the cost value of the inventory at the end of June.
 A) 295,100
  B) 345,625
  C) 171,860
  D) 454,250

Question 2

To change a fraction or mixed number to a percent, convert the mixed number to an improper fraction. Then divide the numerator by the denominator. Move the decimal point two places to the right and add a percent sign.
  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

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

C

Answer to Question 2

TRUE




burchfield96

  • Member
  • Posts: 610
Reply 2 on: Jun 24, 2018
:D TYSM


ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

For a complete list of videos, visit our video library