dswitz2671 dswitz2671
  • 15-11-2017
  • Business
contestada

A business using the retail method of inventory costing determines that inventory at retail is $680,000. if the ratio of cost to retail price is 70%, what is the amount of inventory to be reported on the financial statements?

Respuesta :

meerkat18
meerkat18 meerkat18
  • 17-11-2017
$476,000 should be reflected as the cost of inventory in the financial statements
Answer Link

Otras preguntas

help me asap plz and thx u
Under Chief Justice Earl Warren, the Supreme Court addressed all of the following issues EXCEPT
How do I simplify an expression
What is the tone and mood of the poem "I never saw another butterfly"
____ is the transfer of heat by the flow of a heated material.
Analyze the effect that plentiful harvest had on population in the ancient civilizations of the mainland's river valleys. Please help
Why was the Black Panther Party considered “radical” in the Civil Rights era? A) They were endorsed by a wide range of African American leaders of the Civil Ri
"!GEOGRAPHY!" How does brazil's location in the tropics affect its climate?
Which is the best description of Will Clark? A. nervous and untrustworthy B. funny and easygoing C. careless and headstrong D. smart and patriotic
What issue most influenced americans political thinking during andrew jacksons presidency?