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6) Anna Bella's Dress Shoppe, had a fire. The entire inventory was lost. The owners are putting together a claim for the insurance company. Sales this year were $1,000,000 up until the fire. Last year's sales were $2,000,000. The average markup percentage is 100%. The inventory at the beginning of the year was $300,000 (at cost) Anna owed suppliers $200,000 last year. The company had purchased $600,000 of dresses this year (at cost) up until the date of the fire. How much can Anna Bella's claim as lost during the fire? A. $440,000 B. $400,000 C. $240,000 D. $362,220 E. $640,000 7) CoJo Co. issues 2,000 shares of $10 par value stock for $80,000, the credit to "Paid-in capital" would be A. $60,000 B. $80,000 C. $78,000 D. 2,000 E. None of these Josh will sell you a Goalie for $20,000 (must not be a very good Goalie!). The deal is 10% down and the rest payable in four equal annual payments that include interest at 2%. You called the bank and they said that they would charge you 10% for a similar loan. How much are the payments if you take Josh's deal? 8) A. $5,252.48 B. $2,626.24 C. $5,000.00+interest D. $2,374.18 E. $4,727.23 9) Still on Josh- How much are you really paying for the Goalie under Josh's deal? A. $14,984.68 B. $ 16,649.64 C. $18,649.64 D. $ 16,984.68 E. Some other number

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