Answer:
$63,630
Explanation:
Inventory turnover is the ratio that how many time a business has sold or replaced the inventory during a given period. A business is considered more profitable if it has high inventory turnover.
Average inventory is the average of opening inventory and closing inventory for the year.
Inventory Turnover = Cost of Goods Sold / Average Inventory
Average Inventory = Cost of Goods Sold / Inventory Turnover
Average Inventory = $432,687 / 6.8 = $63,630
Answer:
Amount to be paid = $6,000
Explanation:
Trade discount is the reduction in the list price granted to a buyer. A 40% trade discount implies that Blue would have to pay only 60% of the list price.
The amount due for settlement = 10,000 - (40%× 10,000)= $6,000.
The term 2/10 implies that Jones is entitled to a cash a discount of 2% if it settles its invoice within 10 days following the invoice date. The deadline settlement date to receive the discount would therefore be August 6.
Since the account was settled on September 8 which is later than the deadline date set to qualify for the cash settlement discount, Blue would have to pay $6,000.
Amount to be paid = $6,000
The correct answer on Gradpoint is a government employee
True because you can still go in late and tell them you havn't have time to go