Smith distributors, inc., supplies ice cream shops with various toppings for making sundaes. on november 17, 2013, a fire resulted in the loss of all of the toppings stored in one section of the warehouse. the company must provide its insurance company with an estimate of the amount of inventory lost. the following information is available from the company's accounting records:

fruit
toppings marshmallow
toppings chocolate
toppings
inventory, january 1, 2013 $ 22,000 $ 7,200 $ 3,200
net purchases through nov. 17 160,000 38,000 12,200
net sales through nov. 17 210,000 57,000 20,200
historical gross profit ratio 20 % 30 % 30 %
required:
1.
calculate the estimated cost of each of the toppings lost in the fire.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.

Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. if you are unfamiliar with the company, use the internet to locate the company's home page or use the finance web site of yahoo. 1. alcoa inc. 2. boeing 3. caterpillar 4. citigroup inc. 5. cvs 6. dow chemical company 7. ebay inc. 8. fedex 9. ford motor company 10. gap inc. 11. h& r block 12. hilton hospitality, inc. 13. procter & gamble 14. suntrust 15. walmart stores, inc.

Frick (1991) claimed that computers would become so powerful that k-12 educators and students would be able to produce their own multimedia and web-based learning materials. he predicted that teachers and students would soon be able to use computer-video technology to produce their own learning materials. all it would require is time, know-how, and some funds.