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23-12-2022
Business

Answered

on august 31, a hurricane destroyed a retail location of blossom's clothier including the entire inventory on hand at the location. the inventory on hand as of june 30 totaled $1910000. since june 30 until the time of the hurricane, the company made purchases of $504000 and had sales of $1492000. assuming the rate of gross profit to selling price is 40%, what is the approximate value of the inventory that was destroyed? o $1817200. o $1910000. o $1014800. o $1518800

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