A Company's Warehouse Was Destroyed by a Tornado on March

question 103

Multiple Choice

A company's warehouse was destroyed by a tornado on March 15.The following information was the only information that was salvaged:
Inventory,beginning: $28,000
Purchases for the period: $17,000
Sales for the period: $55,000
Sales returns for the period: $700
The company's average gross profit ratio is 35%.What is the estimated cost of the lost inventory?

• A)$9,705
• B)$25,995
• C)$29,250
• D)$44,000
• E)$45,000

Recognize the impact of stress and social factors on the onset of puberty and body image.

Understand health-related behaviors in adolescence, including sleep, risk-taking, and sexual activity.

Understand the appropriate behaviors and preparations required for job interviews.

Identify and describe the different types of interviews and their purposes.

---

Definitions:

Task Responsibility

Assignment of accountability and authority to a person or team for the completion of a specific task or project component.

Segregation Of Duties

A control activity that aims to reduce the risk of errors and fraud by dividing responsibilities among different people in an organization.

Collusion

A secret agreement or cooperation among parties for a fraudulent, illegal, or deceitful purpose, especially to manipulate prices or competition in the market.

Merchandise Management

It involves the planning and control of the purchasing, handling, storage, and sale of goods in a retail setting to maximize profits.