All categories

2 years ago

Days' sales in inventory is computed by taking ending inventory divided by ________ multiplied by 365.

1 answer:

8 0

Days' sales in inventory is computed by taking ending inventory divided by <u>cost of goods sold</u> multiplied by 365.

<h3>What is meant by the Days sales inventory?</h3>

This is the term that is used to refer to the financial ratio that tells us of the average time that a company would require to be able to turn its inventory. This would have to do with the various goods that are in the work in progress which would translate into sales.

Hence we can say that Days' sales in inventory is computed by taking ending inventory divided by cost of goods sold multiplied by 365.

Read more on inventory here: brainly.com/question/24868116

#SPJ1

You might be interested in

Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depr

andriy [413]

Answer:

$11,000

Explanation:

Fabricating Department budgeted direct labor = $9,280

Depreciation remains constant at any level of production.

Budgeted labor rate = Budgeted direct labor ÷ Hours of production

= $9,280 ÷ 640

= $14.5 per hour

Direct labor cost = completed hours of production × Budgeted labor rate

= 600 × $14.5

= $8,700

Budget for the Fabricating Department at 600 hours of production:

Budgeted cost = Direct labor cost + Equipment depreciation

= $8,700 + $2,300

= $11,000

4 0

3 years ago

The account titles for transaction (D) 5/5 should appear in the Account Title column of the journal entry as

Mrac [35]

The account titles for transaction (D) 5/5 should appear in the Account Title column of the journal entry as <span>A/P—Bellhaven Bank Cash

Hope this helps!!</span>

6 0

4 years ago

Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in

german

Answer:

D. Limited partner

Explanation:

Limited partner -

It is one of the owner of a company or organization , where the liability of the firm's debt is not allowed to raise than the other investor of the company .

Limited partner is also known as silent partners .

The limited partner has very restricted voting rights on the business of the company , and even is not involved in the day - to - day activity of the business .

The role of the limited partner is to invests some amount of money for exchange of the shares in a partnership .

Hence , from the information of the question ,

Travis is a Limited partner in the given partnership .

6 0

4 years ago

If the MPC is 0.75 and there are no crowding-out or accelerator effects, then an initial increase in aggregate demand of $100 bi

umka21 [38]

Answer:

c. $400 billion

Explanation:

Calculation to determine what an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right

First step is to calculate the GDP Multiplier

Using this formula

GDP Multiplier=1/(1-MPC)

Let plug in the formula

GDP Multiplier=1/1-0.75

GDP Multiplier=1/0.25

GDP Multiplier=4

Now let determine the shift in aggregate demand curve

Shift in aggregate demand curve=4*100 billion

Shift in aggregate demand curve= $400 billion

Therefore an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by $400 billion

5 0

3 years ago

The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of

myrzilka [38]

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items Quantity Reporting Cost/Value

Vans 4 NRV

Trucks 7 NRV

2-door sedans 3 Cost

4-door sedans 5 Cost

Sports cars 1 Cost

SUVs 6 NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items Quantity Cost per unit NRV per Unit LCNRV

Vans 4 27000 $108,000 25000 $100,000

Trucks 7 18000 126,000 17000 119,000

2-door sedans 3 13000 39,000 15000 39,000

4-door sedans 5 17000 85,000 20000 85,000

Sports cars 1 37000 37,000 40000 37,000

SUVs 6 30000 180,000 28000 168,000

Total Cost $575,000 $548,000

3 0

3 years ago