Discussion Post: Accounts
The Blue Ray is a trader in home décor items. The firm operates with a mark-up of 25% During the month of April 2017 opening stock was $80,000, and purchases as $300,000. Sales for the period was $350,000. At the end of the month a portion of his stock was stolen. The amount remaining was $30,000
• What was the value of the closing stock?
• What portion of stock was stolen
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.