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nydimaria [60]
3 years ago
8

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

Business
1 answer:
Ahat [919]3 years ago
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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WINSTONCH [101]

Answer:

The court ruled against both Americar and Regency Inn, and then Regency Inn won its case against Americar. The nuisance case itself is pretty unpleasant, so it's not worth referring to it.

The fundamentals for the ruling against Americar were that they themselves had drafted the lease agreement and that the clause included in the lease agreement by which they agreed to indemnify Regency Inn was valid. The original lease term had already expired, but Americar continued to lease the offices on a monthly basis. Since they never left the place, the clauses in the original agreement were still valid even though the lease changed to a monthly basis. I.e. if you sign a lease contract and after the original contract is over, you continue to lease the same place, then the clauses from the original contract still apply.

The clause stated that Americar was liable for damages that took place on the leased premises or in their proximity, i.e. the area near their offices. The parking lot was considered to be in the proximity of Americar's offices.

3 0
3 years ago
Darwin Inc.sells a particular textbook for $24. Variable expenses are $16 per book. At the current volume of 52,000 books sold p
hram777 [196]

Answer:

$416,000

Explanation:

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3 years ago
JLR Enterprises provides consulting services throughout California and uses job-order costing system to accumulate the cost of c
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Find full question attached

Answer and Explanation:

Answer and explanation attached

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Which source of funding would be most appropriate if you were starting a
IceJOKER [234]

Answer:

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Suppose the 2017 adidas financial statements contain the following selected data (in millions).
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Answer:

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3 years ago
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