On september 1 of the current year, scots company experienced a flood that destroyed the company's entire inventory. because the company had not completed its month end reporting for august, it must estimate the amount of inventory lost using the gross profit method. at the beginning of august, the company reported beginning inventory of $216,350. inventory purchased during august was $192,890. sales for the month of august were $544,300. assuming the company's typical gross profit ratio is 40%, estimate the amount of inventory destroyed in the flood. a. $82,660b. $135,060c. $191,520d. $87,660e. $81,660

Which of the following statements accurately describes how costs and benefits are calculated?

What is the most important type of decision that the financial manager makes?

Identifying transactions national park tours co. is a travel agency. the nine transactions recorded by national park tours during may 2019, its first month of operations, are indicated in the following t accounts: cash (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 accounts receivable (5) 12,300 (7) 8,150 supplies (2) 900 (8) 660 equipment (3) 8,000 accounts payable (6) 2,700 (3) 6,400 beth worley, capital (1) 75,000 beth worley, drawing (9) 2,500 fees earned (5) 12,300 operating expenses (4) 6,280 (8) 660 indicate for each debit and each credit (a) whether an asset, liability, owner's equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased account debited account credited transaction type effect type effect (1) (2) (3) (4) (5) (6) (7) (8) (9)