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
dmitriy555 [2]
3 years ago
9

a manufacturing plant averaged $740 of raw materials .$320 of work in process inventory and $1010 of finished goods inventory du

ring the month .if the cost of goods sold this month amounted to $10,000 what is the inventory turnover for the month?
Business
1 answer:
Vika [28.1K]3 years ago
6 0

Answer:

4.83 times

Explanation:

The computation of the inventory turnover is shown below:

= Cost of goods sold ÷ average inventory

where,  

Average inventory = Raw material inventory + work in progress inventory + finished goods inventory

= $740 + $320 + $1,010

= $2,070

And, the cost of good sold is $10,000

Now put these values to the above formula  

So, the answer would be equal to  

= $10,000 ÷ $2,070

= 4.83 times

You might be interested in
Problem 1
zloy xaker [14]

Answer:

How to produce resources

5 0
3 years ago
Customer value creation is made possible by __________, the practice of building ties to customers based on a salesperson's atte
Vinil7 [7]
Relationship selling, or the concept of Relations Marketing.
4 0
3 years ago
Based on the information given, indicate whether the following industry is best characterized by the model of perfect competitio
alina1380 [7]

Answer:

a- monopolistic competition

b- perfect competition

c- monopoly

d- oligopoly

Explanation:

Industry A is a monopolistically competitive industry

Industry B is a perfectly competitive industry

Industry C is a monopoly industry

Industry D is an oligopoly industry

6 0
3 years ago
Mr. Dealer bought a fleet of SUVs (sport utility vehicles) from General Motors (GM) on credit, GM agreeing not to assign the res
Temka [501]

Answer:

Yes, Dealer could collect damages from GM because basically GM breached the contract. Any time a contract is breached, the non-breaching party can sue. But the real question here is what amount could the court assign to Dealer as compensation for damages incurred. If you want to rephrase this question, it would be: What damages did Dealer suffer due to GM's breach.

If the damages are not significant, then the court will probably assign some amount for nominal damages. To be honest, the greatest expenses here are actually the legal costs of the lawsuit. Unless Dealer can prove that assigning the contract actually hurt them (which I doubt), then the court will assign a small amount. Sometimes nominal damages can be very small and mostly symbolic, e.g. $1.

3 0
3 years ago
If the Federal Reserve sells $50 billion of short-term U.S. Treasury Securities to the public, other things held constant, what
VLD [36.1K]

Answer:

b

Explanation:

5 0
3 years ago
Other questions:
  • A walking path at a local park is modeled on the grid below where the length of each grid square is 10 feet. The town needs to s
    8·1 answer
  • 40 pts
    5·2 answers
  • MARKING BRAINLIST!!! THE NAMES HAVE TO BE REALLY GOOD!
    11·2 answers
  • On January 1, 2015, Fullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bear
    11·1 answer
  • The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, and the December 31, 2016, balance sh
    13·1 answer
  • Henry Hutchins is discontent with his job but believes that his supervisor is a good man who will do whatever is necessary to re
    7·1 answer
  • Half of brainly rn <br> ...............
    6·2 answers
  • Chris is about to give a speech on social media marketing to a room of professional marketers. How can he enhance his credibilit
    12·1 answer
  • In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing dif
    7·1 answer
  • is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the enti
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!