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 102 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
YES! Correct, THANKS for helping me on my review


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

For a complete list of videos, visit our video library