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 31 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
Wow, this really help

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Unseasonably warm in March 2012 Unseasonably warm in March 2012
In plant fossils, leaf margin is used to estimate mean annual temperature In plant fossils, leaf margin is used to estimate mean annual temperature
Gross anatomy of the male reproductive organs Gross anatomy of the male reproductive organs
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
March 31 2023 March 31 2023
March 31 2023 March 31 2023
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library