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rosijanka [135]
2 years ago
12

For the year ended December 31, Depot Max's cost of goods sold was $56,900. Inventory at the beginning of the year was $6,540. E

nding inventory was $7,250. Compute Depot Max's inventory turnover for the year.
Business
1 answer:
il63 [147K]2 years ago
3 0

Depot Max's inventory turnover for the year is 8.3

Given

Cost of goods sold = $56900

Begining Jovenstory = $6540

Ending Inventory = $7250 .

Average inventory = opening inventory + closing inventory  / 2

= $6 540 + $-7250 / 2

Average inventory = $6895

cost of goods old

.: Inventory turnover = cost of goods sold / Average inventory

56900 / 6895

= 8. 252 times

He Depot Max's Inventory 8.3 times (approx ).

Learn more about turnover here: brainly.com/question/25623677

#SPJ4

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tia_tia [17]

Answer:

The use if the direct chain of command affords delegation of authority in an easily understandable way, such that needed decisions on actions are more quickly taken to save costs due to delay and lack of cohesion.

Direct chain of command affords employees to work in areas they are proficient with which builds improved competence and skill within the workforce

The chain of command organizational structure is a logical delegation of authority which facilitates collaborative efforts with internal and external bodies

Explanation:

7 0
4 years ago
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning invento
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Answer:

Ending inventory cost= $5,556.92

Explanation:

Giving the following information:

Mar. 1 Beginning inventory 900 $ 7.26

Mar. 10 Purchase 520 7.76

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Mar. 23 Purchase 510 9.06

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<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the costs of the last units incorporated into inventory:</u>

<u></u>

Units in ending invnetory= 2,382 - 1760= 622

Ending inventory cost= 510*9.06 + 112*8.36

Ending inventory cost= $5,556.92

3 0
3 years ago
The three major types of firms in the united states are called
Nina [5.8K]
The three major types are;
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5 0
3 years ago
True or false: account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's
lana66690 [7]

We can actually deduce here that "account analysis involves a detailed analysis of what cost behavior should be, based on an industrial engineer's evaluation" is false.

<h3>What is account analysis?</h3>

Account analysis is actually known as the process of a detailed line of items that are recorded in the financial statement are closely evaluated and examined by a professional auditor or accountant.

When account is analyzed, it helps account owners to easily identify trends. It also shows how an account is performing.

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4 0
2 years ago
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Finger [1]

Answer:

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