A Macarty Company's Records Indicate the Following Information for the Year

question 82

Multiple Choice

A. Macarty Company's records indicate the following information for the year: $\begin{array}{lr}\text { Merchandise inventory, } 1 / 1 & \$ 550,000 \\\text { Purchases } & 2,250,000 \\\text { Net sales } & 3,100,000\end{array}$ On December 31 a physical inventory determined that ending inventory of $600000 was in the warehouse. A. Macarty's gross profit on sales has remained constant at 30%. A. Macarty suspects some of the inventory may have been taken by some new employees. At December 31 what is the estimated cost of missing inventory?

• A) $30000
• B) $42000
• C) $180000
• D) $600000

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Definitions:

Core Processes

The essential activities and procedures that are central to an organization's function and value creation.

Work Processes

The sequence of steps or activities that are undertaken to achieve organizational goals or produce goods and services.

Coordinated Tasks

Activities that require synchronization and collaboration among various participants to achieve a common goal.

Value Chain Analysis

An analytical process for identifying each step in a business's operations and how they contribute to the overall value added to products or services.