On January 1, 2020, the merchandise inventory of Sheridan, Inc. was $1250000. During 2020 Sheridan purchased $2507000 of merchandise and recorded sales of $3300000. The gross profit rate on these sales was 20%. What is the merchandise inventory of Sheridan at December 31, 2020

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

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.