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
guajiro [1.7K]
3 years ago
6

A​ firm's database showed that the average value of all inventory items for the year was​ $7,650. the cost of goods sold was rep

orted at​ $76,500. because the company closes for two weeks each​ year, its business year is reduced in length. how many weeks of supply were held in​ inventory?
Business
1 answer:
Rainbow [258]3 years ago
6 0

5 weeks  
There are 52 weeks per year and since the company closes for 2 weeks per year, that means that the company does business for 50 weeks each year. During that year, the company sold goods that cost $76,500. And the average inventory was $7,650 which is $7,650 / $76,500 = 0.10 = 10% of the goods sold for the entire year. So the average inventory could allow the company to work for 10% of the year. And 10% of 50 is 5. Therefore the company had 5 weeks of supply on average in inventory.
You might be interested in
It costs Sheridan Company $28 of variable costs and $17 of allocated fixed costs to produce an industrial trash can that sells f
Mashutka [201]

Answer:

Option (C) is correct.

Explanation:

Variable costs = $28

Allocated fixed costs = $17

Selling price = $84

Due to acceptance of M offer, S would be got excess contribution margin per unit. Because acceptance selling price ($34) is greater than the variable cost per unit ($28).

We don't have any information about the fixed cost due to acceptance. Therefore, we assumed that fixed cost is not increased.

Increased contribution margin per unit:

= Selling price - Variable cost

= $34 - $28

= $6

For 3,000 units, Increased contribution margin = 3,000 × $6

                                                                               = $18,000

Therefore, net income is increased by $18,000 when the offer is accepted.

6 0
3 years ago
How you can get a job if you have no experience? Help me please​
tresset_1 [31]

Answer:

Subway hires inexperienced people just apply online and you should be called within a few days to start training immediately

8 0
3 years ago
Read 2 more answers
Mar. 17 Received $275 from Shawn McNeely and wrote off the remainder owed of $1,000 as uncollectible. July 29 Reinstated the acc
PIT_PIT [208]

Answer:

Mar 17.

6150 Bad Debt Expense  $1.000 - Debit

1010 CASH Operating Account $275 - Debit

                 1290 A/REC Allowance for Uncollectible Accounts  $1.000 - Credit

                 1220 A/REC Trade Notes Receivable $275 - Credit

Jul 29.

1290 A/REC Allowance for Uncollectible Accounts  $1.000 - Debit

1010 CASH Operating Account $1.000 - Debit

                        6150 Bad Debt Expense  $1.000 - Credit

                        1220 A/REC Trade Notes Receivable $1.000 - Credit

Explanation:

7 0
3 years ago
The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases. false true
anyanavicka [17]
<span>The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases.

FALSE</span>
6 0
3 years ago
When you finish your budget, you should have:
Basile [38]

Answer:

Zero balance

Explanation:

Because you finished all your money.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Georgia Crane is allowed to create her own work hours on a limited basis. She must be a work from 9 a.m. to 11 a.m. and 1 p.m. t
    15·1 answer
  • Reuben's boss recently took him off probation because Reuben had met performance standards that he and his boss had agreed upon.
    6·1 answer
  • The pension plan for GL Inc. requires a contribution to the plan administrator equal to 11% of employee salaries. Salaries were
    6·1 answer
  • The going concern assumption of GAAP implies that the firm: __________
    11·1 answer
  • Pizza hut has restaurants in India where Joiners make up the majority of the online population. To match their marketing efforts
    13·1 answer
  • What is the task of middle level managers?
    13·1 answer
  • Grace wants to become a manager at the bank where she is currently a teller. Which of the following goals would be appropriate f
    14·1 answer
  • When Microsoft introduces a new version of its Windows operating system, it typically uses selected magazine, Internet, and dire
    14·1 answer
  • Given the following data for Coronado Industries, compute cost of goods manufactured: Direct materials used $120000 Beginning wo
    6·1 answer
  • Bank reconciliations
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!