You own an electronics store with a merchandise book value of $245,000. you conduct a physical inventory and find the value to be $237,000. your total sales between inventories totaled $360,000. calculate the shrinkage as a percentage of sales.

It is given that the electronics store has a merchandise book value of $245,000. Thus, in other words it's inventory as per records = $245,000 .

Likewise when the conduct of the physical inventory was done it was found to be of the value $237,000. Thus, in other words the inventory as per physical count = $237,000

Therefore, Shrinkage will be: Inventory on record - Inventory as per physical count.

Therefore, Shrinkage = $245,000 – $237,000 = $8,000

Now, Total sales = $360,000

Therefore, Shrinkage as a percentage of sales is given as:

Thus, the shrinkage as a percentage of sales is 2.22%.

step-by-step explanation:

i think something is missing in your question because y-1=(x-12) would not pass through the point (-4,-3). because if you replace x by -4 your are supposed to find y=-3 which is not the case her. if you replace x by -4 you find =-15.

i assume the right equation is y-1=1/4*(x-12) because this one is passing through both your points (if you are interested to know how i found that out i can tell you).

in this equation if i replace x by -4 i find y=-3 and if i replace x by 12, i find y=1 so the line representing this equation is passing through those 2 points.

then the standard form of the equation is finding an expression of y in function of x

y-1=1/4*(x-12)

y=x/4-3+1

y=x/4-2

hope that .

do you confirm there was a mistake in the question?