Business High School

Calculate the cost of the stolen inventory. Cost of the stolen inventory 12 1 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost S 0 % 1 Required: 1. Prepare an estimate of ending merchandise inventory using the retail method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale Cost to retail ratio Estimated ending inventory at cost S 0 % Required: 1. Prepare an estimate of ending merchandise inventory using the retall method. PET EMPORIUM Estimated Inventory At Cost At Retail Goods available for sale: Goods available for sale + Cost to retail ratio $ 0 Estimated ending inventory at cost Problem 6-16A Retail inventory method LO6 Pet Emporium had a robbery on the weekend in which a large amount of Inventory was taken. The loss is covered completely by insurance. A physical inventory count determined that the cost of the remaining merchandise is $59,000. The following additional information is available: At Cost At Retail Beginning merchandise inventory Purchase returns and allowances Purchases $ 75,500 $ 94,250 15,500 20,500 1,366,750 1,733,750 Transportation-in 19,250 Sales 1,647,500 Sales returns and allowances 18,500 2. Calculate the cost of the stolen inventory. Cost of the stolen inventory ipped %

Answers

Answer 1

Step: 1

(a) Cost of stolen inventory

$ $

75,500 Sales

Opening

Stock

1,647,500

Purchases

366750 Less: Returns

(18,500)

Less:Returns

15,500)

1,629,000 *1,284,173 1,351,250 Closing stock 59,000

Transportation 19,250, Loss by stolen (B.f.) *102,827

1,446,000 1,446,000

Net sales = Sales - Returns

Here$1,647,500 -$18500 =$1,629,000

Cost price of unit sold is calculated as $1,629,000/($1,733,750/$1,366,750) =$ 1,284,173*

Balancing figure(B,f.) is the cost of stolen inventory

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Related Questions

How is the transaction journalized? Will mark brainliest

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A transaction is journalized by passing the journal entry in the books of accounts by debit and credit of the respective accounts related to transactions. With relation to the reference (a) debit accounts payable to decrease it and credit cash account to increase it.

A journal entry is a transaction that is passed in books of accounts to keep record of the transactions which generally deals with debit and credit side of a particular transaction.

With relation to transaction, there are several accounts like nominal,real and personal which have different kinds of entry to be passed. Every entry is unique and show its effect on books.

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when should a late-fall fertilizer application be made to cool-season grasses?

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Late fall lawn fertilizer applications are best made in November or early December when the grass has stopped growing or slowed down enough to not need mowing.

What is a late-fall fertilizer?

Generally, In most cases, the optimum time to apply late autumn applications of lawn fertilizer is in the month of November or very early in the month of December.

This is the time of year when the grass has either stopped actively growing or has slowed down to the point that it does not need to be mowed.

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$192.40 will she have in her account in 13 years. The answer is OPTION A.

Compound interest, on the other hand, is based on your principal plus your accumulated interest. This pricing is flexible and is subject to change at any time. It effectively pays interest on interest. Compound interest can work against you or for you, depending on whether you're borrowing or saving money.

Simply explained, interest is the cost of borrowing money, whether it's through a school loan, a mortgage, or a credit card. When you borrow money, you must typically repay the initial amount borrowed plus a percentage of the loan amount as interest. Compound interest is interest generated on both the initial principal and the reinvested interest from previous periods. The answer is OPTION A.

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(q008) the influx of cheap goods from what country accelerated the loss of manufacturing jobs in the united states during the great recession?

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The influx of cheap goods from Europe accelerated the loss of manufacturing jobs in the united states during the great recession.

What caused the great recession?

The Great Recession referred to period of general decline such as recession that was observed in national economies globally that occurred between 2007 and 2009.

The causes of Great Recession included combination of vulnerabilities that developed in the financial system along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012.

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A demand schedule is used in conjunction with a supply schedule, which shows the quantity of goods that can be supplied to the market by producers at a price.

What is a demand schedule?

Your information is incomplete. Therefore, an overview will be given. A demand schedule is simply a table that shows the quantity demanded of a good at different price levels.

A supply schedule is a table which shows the relationship between the price of a good and the quantity supplied.

A demand schedule consists of two columns. Here, the first column lists a price for a product and the second column lists the quantity of the product demanded at that price. Also, the price is determined based on the research of the market.

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Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education. Which savings plan will help Yasmine save enough money to pay for one year of school, regardless of whether or not interest is earned on her savings? $600 per month for 1 year $350 per month for 2 years $225 per month for 3 years $200 per month for 4 years

Answers

Answer:

It be D: $200 per month for 4 years is the correct answer.

Explanation:

$9,000/200= 45 months = 4years

if a purchasing specialist and a supplier discuss potential issues and ways to resolve them prior to making a purchase, what are the two parties doing

Answers

The two parties, the purchasing specialist and the supplier, are engaging in a negotiation to address potential issues and find solutions before finalizing the purchase.

If a purchasing specialist and a supplier discuss potential issues and ways to resolve them before making a purchase, the two parties are engaging in pre-negotiations.

What is pre-negotiation?

Pre-negotiation refers to preliminary discussions or negotiations that take place before the real negotiations begin. The parties must resolve their conflicts and misunderstandings before proceeding to a more formal negotiation to avoid any misunderstandings or discrepancies during the negotiation process. Pre-negotiation aids in developing a better understanding of each other's concerns, interests, and objectives. It also aids in the creation of a stable climate that fosters trust and goodwill, allowing for more effective negotiations in the future.

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Measuring conversions is a good way to calculate your ROI. Which of the following is a commonly calculated conversion? a shares, b sediment, c downloads, d likes

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A commonly calculated conversion from the list is shares. The answer to this question is option a.

What are shares?

Shares can be described as a unit that is called mutual funds. The owner of a share is regarded as a shareholder.

Shares can be converted to be money. Therefore it is the best answer to this question.

Answers

The second option, debt maturity 10 years, is the correct one.

What exactly is debt maturity?

Maturity refers to the number of years remaining until the original maturity period, which is the sum of the grace and installment periods. The grace period for principal is the time between signing the loan or issuing the financial instrument and the first repayment of principal. Debt maturity structure can have financial and real-world consequences. Short-term debt, typically defined as debt maturing within a year, exposes depositors to rollover risk (when financing terms are renegotiated to the borrower's detriment) and is associated with banking meltdown.

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_____ encompasses loyalty and a deep concern for an organization's welfare.

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Affective commitment encompasses loyalty and a deep concern for an organization's welfare.

Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.

They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.

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What should you do before you approach a atm

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Answer:

Try to use ATMs with which you are familiar. Choose well-lit, well-placed ATMs where you feel comfortable. If you need to use an ATM late at night, ask a friend to accompany you.

Before approaching the ATM, scan the surrounding area. Avoid the ATM altogether if it is too dark to see, isolated or looks unsafe. If there are bystanders loitering in the area, go to another machine or come back later.

Use your body to shield the screen and keypad before entering your PIN. Make sure other individuals in line stay a reasonable distance from you while you're performing your transaction.

Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?

Answers

Insurance companies charge an inexpensive copay for certain types of medical services to encourage their policyholders to seek preventive care and early treatment, which can help prevent more serious and costly health problems in the future. By covering the cost of these services upfront, insurance companies can reduce the overall cost of healthcare by avoiding more expensive treatments down the line. Additionally, copays can help incentivize policyholders to use in-network providers and services, which can be more cost-effective for both the insurance company and the patient.

Please help............

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it would be 900 because 8% of 900 is 72

• In Chapter 10, read the "Reading EnergyGuide Labels" section and complete
the following questions:
1. What types of products have an energy-efficiency rating (EER)?
2. Why might a consumer want to know the estimated yearly energy costs
for operating an appliance?

Answers

The types of products have an energy-efficiency rating (EER) are:

Air conditionersHome Energy MonitorsSmart ThermostatsEV Charging Stations
What is an energy-efficiency rating (EER)?

The EER is the cooling capacity (in British thermal units (Btu) per hour) divided by the power input (in watts).

Why might a consumer want to know the estimated yearly energy costs for operating an appliance?

Without energy monitoring, the customer will be unable to identify inefficiencies in their company or home and efficiently correct the issue.

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Answer:

1Air conditioners, heat pumps, furnaces, and boilers

2 Having the estimated cost allows a consumer to make intelligent cost comparisons over time with different models of a product.

Explanation:

trust me

Companies create a division of labor among employees in order to: 0 a. allow each employee to perform one task at a high level. b. gain access to more human and physical capital. c. reduce the opportunity cost for hiring new employees. o d. make it easier to shift employees between different jobs.

Answers

Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

What is division of labor?

It involves Sharing of duties or job among individuals or employee.

An employee is allowed to handle a particular task for efficiency.

Therefore, Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

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Anya recently graduated and has just started a job at a large company. She had to take out many student loans to cover the cost of her tuition expenses, and though she is earning money, she is prioritizing paying off her loans as quickly as possible. The company's end-of-year holiday party is quickly approaching and Anya has nothing appropriate to wear. Anya’s friend Mariana provides advice: “Purchase a dress from a large department store a few days prior to the party. Wear the dress to the end-of-year party (without taking the tags off) - but be careful not to spill anything on it. After the party, return the dress to the store and explain to them that it doesn’t fit you. Their return policy will mean they’ll refund your money and it won’t hurt the company as they’ll be able to re-sell the dress.” Anya has heard how important the office party is, and really wants to impress her bosses.

What do you think Anya should do? Why? What are the pros and cons of doing so?

Answers

Anya uses her smartness and cost effective technique to save money as she is making proper strategy before deciding to invest in anything.

The technique to save money here and replace and return clothes is the example of cost effective technique that defines how effectively and efficiently one can utilize their resources and save the investment of money.

A strategy is something that would be required to make the plan work and take it into the action so that the best outcome is achieved by anyone applying it.

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if i get 16 brainlest ill give u guys 136 points

Answers

Answer:

you get brainlyist by answering questions. not making them

Answer:

ill give u brainlest tete

Explanation:

Which of the following can an interviewer legally ask you about at a job interview?
A.
Your marital status
B.
Whether or not you have medical conditions
C.
Whether or not you’ve been convicted of a crime
D.
Your age

Answers

Whether you’ve been convicted of a crime ore medical condition

In Machine Learning models hyperparameter values
Select one:
a.
Are estimated from the test dataset
b.
Are chosen by the investigator
c.
Have no effect on the accuracy of classification
d.
None of the listed choices
e.
Are estimated from the training dataset

Answers

In Machine Learning models, hyperparameter values the correct option are b. are chosen by the investigator and they e. are estimated from the training dataset.

In Machine Learning models, the hyperparameters are the variables that affect the performance of a model.

Hyperparameter values are set by investigators based on their experience with the dataset and the models they use. These values can have a significant impact on the performance of a model.

The choice of hyperparameters is essential to ensure that a model performs well, and it is one of the key challenges in building effective Machine Learning models.

The hyperparameters are set by the investigator based on the domain knowledge and the specific characteristics of the dataset. The investigator will choose the hyperparameters that result in the best performance for the specific model being used. In general, the investigator will use cross-validation to evaluate different sets of hyperparameters and select the best set.

The hyperparameters are estimated from the training dataset, not from the test dataset. The test dataset is used to evaluate the performance of the model using the chosen hyperparameters. It is essential to select hyperparameters that result in a model that generalizes well to new data, so the test dataset should not be used to estimate hyperparameters.

Therefore, the correct options are (b) Are chosen by the investigator (e) Are estimated from the training dataset.

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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?

Answers

Answer:

The case was never heard in the United States Supreme Court.

Explanation:

The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.

Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.

On January 1, 2019, Crane Corporation acquired machinery at a cost of $1650000. Crane adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Crane should record as depreciation expense for 2022 is

Answers

So, Crane Corporation should record $328,295 as the depreciation expense for 2022.

the amount of depreciation expense for 2022 under the double-declining balance method

Ee need to first calculate the remaining book value of the machinery at the beginning of 2022.

Since the straight-line method of depreciation was used for the first three years (2019-2021), we can calculate the annual depreciation expense as follows:

$1650000 / 10 years = $165000 per year

So the accumulated depreciation at the end of 2021 would be:

$165000 * 3 years = $495,000

The remaining book value of the machinery at the beginning of 2022 would be:

$1650000 - $495,000 = $1,155,000

Next, we need to calculate the depreciation rate under the double-declining balance method.

The depreciation rate is usually expressed as a percentage of the remaining book value and is determined by the formula:

Depreciation rate = 2 / Estimated useful life (in years)

Using this formula, the depreciation rate for the remaining seven years would be:

Depreciation rate = 2 / 7 = 0.2857 or 28.57%

Finally, we can calculate the amount of depreciation expense for 2022 by applying the depreciation rate to the remaining book value of the machinery:

Depreciation expense for 2022

= 28.57% * $1,155,000

= $328,295.

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The career cluster which provides security and protection for the public is___.
A.Law, Public Safety Corrections, and Security.
B.Hospitality and Tourism.
C.Human Services.
D.Information Technology

Answers

Answer:

A.Law, Public Safety Corrections, and Security.

Explanation:

Officers in the Law, Public Safety Corrections, and Security cluster protect properties and citizens' lives. Job titles in this cluster include police officers, security guards, lawyers, correctional officers, and legal assistants.

Works in this cluster revolve around jails, police stations, courts, correctional facilities, and public places where people require security and protection.

A university student database, which included social security numbers and other personal identifying information, is compromised by a computer hacker. The investigation revealed that the hacker subsequently sold the personal identification information to a third party, who then proceeds to submit falsified mortgage loan applications to numerous financial institutions which resulted in approximately $5 million in losses to the financial institutions. This is an example of:

Answers

Answer:

Identity Theft

Explanation:

Identity Theft is defined as when someone steals and uses the identification or personal identifying details and information of another person such as their name, phone number, various financial card's number, etc. without their permission to do any fraud or commit other crimes.

In the context, a hacker steals the identity information and the database of a university student and sold them to some third party who proceeds to submit many falsified applications for mortgage loans to the financial institution that resulted a huge loss to the financial institution is an example of an identity theft, where the hacker steals some other person's personal information and uses them to commit frauds or crimes.

when accessing and preparing data to be analyzed using an audit data analytic (ada), it is important to:

Answers

Determine the data sources that contain the information needed for the analysis. This may include financial systems, databases, spreadsheets, or other data repositories.

Ensure data integrity: Verify the accuracy, completeness, and consistency of the data to ensure its reliability for analysis.Extract and transform data: Extract the relevant data from the source systems and transform it into a format suitable for analysis. Validate data quality: Assess the quality of the data by examining its relevance, accuracy, and reliability.Maintain data security: Implement measures to protect the confidentiality and privacy of the data during the access and preparation stages.Document data preparation steps: Maintain a clear record of the steps taken during the data access and preparation process.

Data sources refer to the origin or channels from which data is collected or obtained. They can include various types of structured and unstructured data. Common data sources include databases, websites, sensors, social media platforms, customer surveys, government records, and transactional systems.

Data can also be sourced from third-party providers, such as market research firms or data aggregators. The choice of data sources depends on the specific needs of an organization or project. Ensuring the reliability, accuracy, and legality of data sources is crucial for obtaining high-quality and trustworthy information. Data integration techniques are often employed to consolidate and combine data from multiple sources for analysis and decision-making purposes.

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Igor was the sole owner of a house that he shared with his wife, Oxana Igor wanted his children to be from his home ownership. He also wanted to make sure that Oxana was not left without a home, so he w Oxana a life interest in the house, with his children as remaindermen. Which of the following statements about a life interest is FALSE? Upon Oxana's death, the home will no longer quality for the principal residence exemption When Igor dies, the property will be transferred to his children. Oxana can live in the home for the remainder of her life. The life interest ensures that Igor's home is being held in trust for his children. Question 6 (1 point) Listen Harrison is married to Gregory's mother Nancy. Harrison is not Gregory's biological father and has not formally adopted him. As such, which of the following is one of the ways that Harrison can use his will to provide for Grennt? MacBook Air

Answers

Based on the information provided, the statement that is FALSE is: Upon Oxana's death, the home will no longer qualify for the principal residence exemption.

The principal residence exemption typically applies to a property that is designated as the primary residence of the owner. In this case, Igor granted Oxana a life interest in the house, which means she has the right to live in the home for the remainder of her life. Since Oxana is occupying the property as her primary residence, it is likely that the principal residence exemption would still apply even after Igor's death and upon Oxana's death. Therefore, the statement that the home will no longer qualify for the principal residence exemption upon Oxana's death is false.

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which of the following is a group or term based incentive plan?
a. spot annuals
b. production incentive plans
c. commissions
d. discretionary bonus plans
e. piecework

Answers

A production incentive plan is a group or term-based incentive plan. Here option B is the correct answer.

Production incentive plans are designed to reward employees for meeting or exceeding production goals. These plans are typically used in manufacturing or other industries where output can be easily measured. The incentives are usually based on group or team performance rather than individual performance.

Spot annuals (option a), commissions (option c), discretionary bonus plans (option d), and piecework (option e) are all forms of individual incentive plans. These plans reward individual employees for their performance or contributions. In contrast, group or term-based incentive plans reward employees based on the performance of a group or team.

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3rd question is: what is marilyns net annual salary

Answers

Answer:

1. Net monthly pay = $ 3274. 27

2. Net Annual Salary = $ 39291.4

Explanation:

The total deductions from the salary

$ 79.20 + $ 343.21 + $ 528.01 + $ 290.41 + $ 245 + $ 520 = 2005.83

Monthly Net Pay = Gross pay – Deductions = 5280.10 – 2005.83 = $ 3274. 27

Net Annual Salary = Net Monthly Pay * 12 = $ 39291.4

1. Net monthly pay = $ 3274. 27

2. Net Annual Salary = $ 39291.4

Which one earns higher interest?

A. Savings Account
B. CD (Certificate of Deposit)

Answers

Answer:

Explanation:

The specific interest rates offered by savings accounts and CDs can vary greatly depending on the financial institution, the amount deposited, and the length of the deposit term, so it's important to compare rates from different banks and credit unions to determine which one is the better option for a particular individual.

I think i will choose B

Deciding to do the right or wrong thing is based on making what type of decision?
ethical
business ethics
unethical
a code

Answers

Answer:

ethical

Explanation:

Your available credit is $1,000, but you keep your debt to $200.00. How does this help you build a positive credit history?

Answers

Keeping a low debt-to-credit ratio can demonstrate responsible credit usage, which is a key factor in building a positive credit history.

Building a good credit history requires maintaining a low debt-to-credit ratio.Your debt-to-credit ratio measures how much of your available credit you are currently using.A lower debt-to-credit ratio implies prudent credit use because you aren't using credit excessively and can properly manage credit.Keep this percentage as low as you can because creditors and lenders use it to assess your credit worthiness. Maintaining a low debt to credit ratio may make you appear less dangerous to lenders and increase your chances of getting future loan applications accepted.Another important element in establishing a solid credit history is having a low debt-to-credit ratio, which can enhance your credit score.

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