The inventory of don’s grocery was destroyed by a tornado on october 6 of the current year. fortunately, some of the accounting records were at the home of one of the owners and were not damaged. the following information was available for the period of january 1 through october 6: beginning inventory, january 1 $140,000 purchases through october 6 670,000 sales through october 6 1,100,000 gross margin for don’s has traditionally been 30 percent of sales.
required

a. for the period ending october 6, compute the following:

1. estimated gross margin
2. estimated cost of godos sold
3. estimated inventory at october 6

b. assume that $15,000 of the inventory was not damaged. what is the amount of the loss from the tornado?
1. total loss

Which of the following is a primary concern of top managers? a)supervising nonmanagerial employees b)deciding which goods a company should produce c)supervising first-line managers d)developing and fine-tuning employee skills e)training, motivating, and rewarding salespeople.

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?