1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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. 
You might be interested in
A manager that primarily focuses on the shareholders of the corporation rather than all of the vested parties in the businesses
liberstina [14]

Answer: Shareholder theory

Explanation: As per the shareholder theory, the manager focuses all his or her efforts on the profit maximization of the shareholders of the company. A manager following shareholder theory will not be much concerned about the other stakeholders of the organisation. The benefit to shareholders could be provided either by increase in share price or as heavy distribution of dividends.

Hence, the correct option is D.

5 0
3 years ago
Read 2 more answers
The default paper size is _____.
VashaNatasha [74]
8 and 1/2 inches by 11 inches
7 0
3 years ago
82) At the current price of $2, how much does the firm want to produce?
Sedbober [7]

Answer:

84) The equilibrium is the only price where quantity demanded is equal to quantity supplied. At a price above equilibrium, like 1.8 dollars, quantity supplied exceeds the quantity demanded, so there is excess supply.

85) The equilibrium price and quantity are where the two curves intersect. The equilibrium point shows the price point where the quantity that the producers are willing to supply equals the quantity that the consumers are willing to purchase. This is the ideal quantity to supply

86) The existence of economic profits attracts entry, economic losses lead to exit, and in long-run equilibrium, firms in a perfectly competitive industry will earn zero economic profit.

87) The industry is in long-run equilibrium when a price is reached at which all firms are in equilibrium (producing at the minimum point of their LAC curve and making just normal profits). Under these conditions there is no further entry or exit of firms in the industry, given the technology and factor prices.

Explanation:

i dont know 82 or 83 sorry

5 0
3 years ago
Explain the importants of marketing segmentation
Nina [5.8K]

A market segment is a subgroup of people or organizations that have one or more characteristics in common that cause them to have the same product needs. Everyone needs water to drink, but does everyone need bottled water? For companies to successfully reach their precise customer, they need to divide a market into similar and identifiable segments through market segmentation.

The main reason companies divide markets into identifiable groups is so that the marketing team can create a custom marketing mix for the specific group. For example, Farmer Joseph realized early on that not everyone would purchase his expensive organic produce. He did not want to exhaust his financial budget by advertising to the masses. Instead, he identified his target market and created a specific marketing plan to communicate effectively with his prime customers.

His target market consisted of females age 18-65, with an income of $50,000+, who have healthy eating habits and who are concerned about pesticides. His plan consisted of ad placement in local women's magazines, newspapers and also email blasts to a list that he formulated with age and income specifics. Lastly, he advertised with a local gym about his healthy produce. Marketers have numerous choices in how they can segment a market.

If the farmer had planned on targeting everyone, then the type of segmentation would have been called no market segmentation. The opposite type of segmentation would be if he decided to target based on every individual factor available. This would be called a fully segmented market. Other choices include segmenting just by gender, income, lifestyle, ethnicity, family life cycle, age group, or even a combination-type.

Companies will not survive if the marketing strategy is dependent upon targeting an entire mass market. The importance of market segmentation is that it allows a business to precisely reach a consumer with specific needs and wants. In the long run, this benefits the company because they are able to use their corporate resources more effectively and make better strategic marketing decisions.

7 0
3 years ago
Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
Fiesta28 [93]

Answer and Explanation:

The computation is shown below:

a. Amount of adjusting entry for uncollectible accounts

= Estimated balance of Allowance for Doubtful Accounts + debit balance

= $16,400 + $4,000

= $20,400

b. Adjusted balances

For account receivable

= account receivable

= $420,000

For allowance for doubtful debts

= Estimated amount

= $16,400

For bad debts

= AMount of adjusting entry

= $20,400

c. Net realizable value

= Account receivable balance - estimated balance of Allowance for Doubtful Accounts

= $420,000 - $16,400

= $403,600

8 0
3 years ago
Other questions:
  • How can conventional supermarkets differentiate their offerings??
    8·1 answer
  • When a firm advertises that it only uses recycled paper products it is ________. meeting its legal obligations meeting its socia
    12·1 answer
  • Wolfgang operates an upholstering business. He contracted to reupholster a sofa for Hans, and to do the work at Hans' home. Afte
    11·1 answer
  • 5. Ren Inc. has expected earnings before interest and taxes of $63,300, an unlevered cost of capital of 14.7 percent, and a comb
    5·1 answer
  • Exercise 14-08 On January 1, 2020, Sandhill Corporation had retained earnings of $539,000. During the year, Sandhill had the fol
    8·1 answer
  • In the Planning, Programming, Budgeting and Execution (PPBE) process, one result of the programming activities is the __________
    9·1 answer
  • Sheridan Company shows the following balances in selected accounts of its adjusted trial balance.
    7·1 answer
  • Individuals who fail to complete high school are at an increased risk for
    9·1 answer
  • <img src="https://tex.z-dn.net/?f=%5Cmathbb%5Cpink%7Bwhat%5C%3Ais%5C%3Aescape%3F%5C%3ADefine%5C%3Ain%5C%3Asimple%5C%3Awords%7D"
    11·1 answer
  • What should a consumer consider when deciding whether to purchase health insurance?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!