On August 31, a hurricane destroyed a retail location of Wildhorse's Clothier including the entire inventory on hand at the location. The inventory on hand as of June 30 totaled $1965000. Since June 30 until the time of the hurricane, the company made purchases of $537000 and had sales of $1536000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses

Young owners of a sole proprietorship will likely not find financial support available from?