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Luda [366]
3 years ago
14

Consider the following data from a company annual report: which of the following is inventory turnover? Sales: $1,200,000 Cost o

f Goods Sold: $60,000 Raw Materials Inventory: $80,000 Finished Goods Inventory: $20,000 Work-in-Process: $20,000
Business
1 answer:
Firdavs [7]3 years ago
8 0

Answer:

The inventory turnover is 0.5

Explanation:

Inventory turnover ratio or stock turnover ratio is ratio which tells about how much of inventory company has sold and how much of it is left. This ratio helps management in making right decisions regarding pricing and marketing strategy, manufacturing etc.

FORMULA FOR CALCULATING INVENTORY TURNOVER RATIO =

\frac{COST OF GOODS SOLD}{AVERAGE INVENTORY}

Here we will take cost of goods sold not sales because by taking cost of goods sold we will get better accuracy , as sales will include a mark up over cost.

Average inventory will include raw material inventory, finished goods and work in progress

\frac{\$60000}{\$80000+\$20000+\$20000}= .5

Therefore the average turnover ratio is 0.5

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Where can a Master Admin Accountant User view the apps connected to a client’s QuickBooks Online account from within QuickBooks
sashaice [31]

Answer:

The answer is below

Explanation:

A Master Administrator is normally the individual who is tasked at establishing the company file in QuickBooks Online.

In other words, Master Admin possesses access to all portions of the company file and can grant authorizations and access to other users.

Therefore, a Master Admin Accountant User can view the apps connected to a client’s QuickBooks Online account from within QuickBooks Online Accountant by doing the following:

1. Go to Settings

2. Select Manage Users.

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If you buy fewer than 10 pairs of UVex Clear UVExtreme safety eyewear for your employees, the cost is $7.40. But if you buy 10 o
juin [17]

Answer:

quantity discount

Explanation:

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The seller is able to sell off more goods or materials, and the buyer gets a more better pricing for them. At the consumer level, a quantity discount can appear as a BOGO (buy one, get one discount) or other incentives, such as buy two, get one free.

7 0
3 years ago
Understanding that business organizations can be extremely diverse, identify and explain management strategies to promote motiva
Leona [35]

Some management strategies to promote motivation and communication are encouraging group work and having effective communication channels.

<h3>Why are motivation and communication important?</h3>

These two elements make sure employees give the best of themselves and can report/solve problems efficiently.

<h3>How to promote these elements?</h3>

Some strategies that can be used are:

  • Group work: If employees work together in projects they are more likely to communicate; also, this increases motivation as work is shared.
  • Communication channels: This makes employees they can easily and effective communicate with subordinates, colleagues and superiors in different situations.

Learn more about communication in: brainly.com/question/22558440

#SPJ1

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2 years ago
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Employee healthcare , hiring employee increeccing profit
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Sheila went to college to study accounting, and got her first entry-level job right after graduating. however, as she gained mor
Len [333]
Sheila is in the state of realistic period where a person would likely be motivated and pursuing of the things that he or she wanted to do because of her or his personal goals or the idea that he or she has in mind. It could be seen above as she wants to pursue law because of the knowledge that she gains in the area.
8 0
4 years ago
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