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
Lubov Fominskaja [6]
3 years ago
11

Clay's fishing shop's beginning inventory is $70,000 and ending inventory is $36,500. what was clay's average inventory?

Business
1 answer:
mezya [45]3 years ago
5 0

The Average Inventory is set up by adding the Beginning and Ending Inventory together, and then divide it by 2:

 

Avg Inv = (Beg Inv + End Inv) / 2


Avg Inv = (70,000 + 36,500) / 2


Avg Inv = 106,500 / 2

= $53,250


<span>Therefore, the average inventory is $53,250.</span>

You might be interested in
Ram killed Ravan into passive voice​
kondaur [170]

Answer:

Ravan was killed by Ram

Explanation:

but I'm not sure about the answer.

but hope this will help mate

4 0
4 years ago
Read 2 more answers
Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for Mar
torisob [31]

Answer:

To Determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.

To record: the journal entry to record all the summarized operations.

View image for journalized entry.

5 0
4 years ago
When developing and maintaining good stakeholders relationships companies find that
maw [93]
Most often, they must balance the needs of the stakeholders with the need to make profits
8 0
3 years ago
_____________may be defined broadly as the lack of resources to achieve a reasonably comfortable standard of living.
Harrizon [31]

Answer: Poverty

Explanation:

Poverty is the lack of resources needed to meet an individual's basic needs, such as the need for; food,water, clothing and shelter. A person is said to be poor if the person can't cater for his basic needs.

5 0
3 years ago
a whopping 432,000 square feet in size, which of these fields is larger than the other three combined?
kow [346]

The field that is larger than the other three fields combined is the polo field.

On average, one polo field measures 275 meters by 146 meters, which is equal to 40,154 squared meters or approximately 432,000 square feet.

This is a very big area if compared with the areas required to play different sports. Here are some of the areas:

  • Soccer field: The area of a soccer field is approximately 7,140 squared meters or 76854 squared feet.
  • Baseball field:  The area of a baseball field is 14,864 squared meters or 159994 squared feet.
  • Football field: The area of a football field is 5351 squared meters or 57600 squared feet.

Indeed, if you add the three areas (76854 + 159994 + 57600) the total area is 294,448 is still smaller than the area of a polo field.

Note: This question is incomplete because the options are missing; here is the missing part:

  • Soccer field
  • Baseball field
  • Polo field
  • Football field

Learn more about field in: brainly.com/question/4988718

5 0
2 years ago
Other questions:
  • The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machin
    9·1 answer
  • The mission of a firm provides: a. a description of the activities that a firm performs for its customers. b. an outline of what
    5·1 answer
  • Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow f
    7·1 answer
  • When a buyer’s willingness to pay for a good is equal to the price of the good, a. the buyer’s consumer surplus for that good is
    15·1 answer
  • A client who gave birth several hours ago is experiencing postpartum hemorrhage. She had a cesarean birth and received deep, gen
    14·1 answer
  • Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales.
    14·2 answers
  • Has anyone ever had the thought of wanting more friends but you are so weary of the people around you that you are not sure? I a
    11·2 answers
  • If Japan has a comparative advantage in the production of microchips,how would that affect their international trade?
    11·2 answers
  • This is for my class in finance
    12·1 answer
  • instead of only meeting the goals of upper management, malcolm could have also tried to meet the goals of his team members. this
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!