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2 years ago

Zhang company reported cost of goods sold of $835,000 and average inventory of $41,750. the inventory turnover ratio is

1 answer:

8 0

To find the inventory turnover ratio you will:
divide the cost of goods sold (COGS) by the average inventory
COGS = $835,000
Average inventory = $41,750

Inventory turnover ratio = $835,000/$41,750
Inventory turnover ratio = 20
In most cases, we can assume if there is a higher ratio more sales are being generated from the inventory.

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Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated

Ghella [55]

Answer and Explanation:

The computation of the overhead rate for each activity is as follows;

Overhead rate is

= Respective overhead cost ÷ Respective activity

For Machine setups

= ($202,800 ÷ 2,600 setups)

= $78 per setup

For Machining

= ($364,500 ÷ 24,300 machine hours)

= $15 per machine hour

For Inspection

= ($88,000 ÷ 1,600 inspections)

= $55 per inspection

In this way it is calculated

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2 years ago

Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows tells you

antiseptic1488 [7]

Answer: The statement 2, "Finding the present value of cash flows tells you how much you need to invest today so that it grows to a given future amount at a specified rate of return." Is <u>TRUE.</u>

Explanation: "Finding the <u>FUTURE VALUE </u>of cash flows tells you what a cash flow will be worth in future years at a specified rate of return." is the definition for FUTURE VALUE.

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2 years ago

What is the difference between intra departmental communication and interpersonal departmental communication

natima [27]

Answer:

Difference between intra departmental communication and interpersonal departmental communication

Explanation:

Intra means within , Inter means between

Intra departmental communication means communication (exchange of information) between people, within the same department in an organisation.

Interpersonal departmental communication means communication (exchange of information) between people, from different departments in an organisation.

5 0

2 years ago

Some club members want to increase membership dues by $7.00.Other club members want to increase them by $3.00.They have reached

Kipish [7]

Answer:

Option E (Compromising) would be the correct choice.

Explanation:

A conflict mediation method of consensus attempts to discover a reason to reasonably pleasing parties and from both sides of the debate.
When it becomes more necessary to optimize a compromise than for the conclusion to always be perfect, a deadline is fast approaching, even at such an ongoing crisis, because you need a workable measure only for the moment, such style might be suitable to be using.

The other choices aren't relevant to the situation presented. Because otherwise, that is the right answer.

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2 years ago

Cromwell manufactures specialty electronic circuitry through a unique photo-electronic process. One of the primary products, Mod

WARRIOR [948]

Answer:

the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable

Explanation:

The computation of the labor rate variance and labor efficiency variance is given below;

For Labor rate variance

= $12,000 - (2000 × 7)

= $2000 F

And, the Labor efficiency variance is

= 7 × (2000 - 3000 × 0.5)

= $3500 U

Hence, the labor rate variance and labor efficiency variance is $2,000 favorable and $3,500 unfavorable

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2 years ago