Retail method; gross profit method selected data on merchandise inventory, purchases, and sales for jaffe co. and coronado co. are as follows: cost retail jaffe co. merchandise inventory, february 1 $400,000 $615,000 transactions during february: purchases (net) 4,055,000 5,325,000 sales 5,100,000 coronado co. merchandise inventory, may 1 $400,000 transactions during may through october: purchases (net) 3,150,000 sales 4,750,000 estimated gross profit rate 35% required: 1. determine the estimated cost of the merchandise inventory of jaffe co. on february 28 by the retail method, presenting details of the computations. jaffe co. cost of the merchandise inventory february 28 cost retail $ $ $ $ ratio of cost to retail price: % $ $ 2a. estimate the cost of the merchandise inventory of coronado co. on october 31 by the gross profit method, presenting details of the computations.

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

About time delivery co. incurred the following costs related to trucks and vans used in operating its delivery service: classify each of the costs as a capital expenditure or a revenue expenditure. 1. changed the oil and greased the joints of all the trucks and vans. 2. changed the radiator fluid on a truck that had been in service for the past four years. 3. installed a hydraulic lift to a van. 4. installed security systems on four of the newer trucks. 5. overhaul the engine on one of the trucks purchased three years ago. 6. rebuilt the transmission on one of the vans that had been driven 40,000 miles. the van was no longer under warranty. 7. removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication. 8. repaired a flat tire on one of the vans. 9. replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads. 10. tinted the back and side windows of one of the vans to discourage theft of contents.

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?