bubbles co.'s reported beginning inventory of $1,8000,8000, purchases of $9,000,000 and sales of $11,400,000. a physical inventory count at 12/31/2020 reported ending inventory of $2,100,000. bubbles gross profit on sales is 25%. bubbles suspects come inventory may have been taken by a new employee. at 12/31/2020, what is the estimated cost of missing inventory

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

Because the demand for wheat tends to be inelastic. true or false