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
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

You might be interested in
Clara, who manages the marketing efforts for Glade air freshener, has just completed researching the marketing expenditures for
BARSIC [14]

Answer:

II Clara is using competitive parity budgeting methods

IV Clara is using objective and task budgeting

Explanation:

Share of voice basically measures your brand's share of total advertising in a market. It is very useful to determine your brand's visibility and helps to develop you company's external competitive analysis. It differs from market share since market share represents the actual share of total market sales that your company has.

In this case, Clara is adjusting her marketing budget to reach the appropriate share of voice for Wizard air freshener. She needs to compare the product's current share of voice with the competition's and the projected marketing expenses for next year.

A high share of voice doesn't necessarily match a high market share, although it helps to increase it.

6 0
4 years ago
The bookkeeper for the company has prepared the following balance sheet as at December 31, 2018: Cameron Corp Balance Sheet Dece
Vladimir79 [104]

Answer:

lolol

Explanation:

5 0
4 years ago
Read 2 more answers
If a bank purchases a security from the Federal Reserve System, reserves in the banking system ________ and the monetary base __
lbvjy [14]

Purchase of a security by the bank will decrease the reserves in the banking and as a result the monetary base will also decrease.

<u>Explanation:</u>

The federal reserve system is the central bank of the United States of America. It has certain measures under it's control to manage the supply of money in the economy.

One of those measures is the purchase and the selling of the securities. If the security is purchased by the bank from the Federal reserve system, it will decrease the money reserve in the banks. As a result of this the monetary base will decrease in the country also.

5 0
4 years ago
Bottling Company enters into a contract with Chug’s Brewery to provide certain bottling and delivery services. Before Bottling s
irakobra [83]

Answer:

B. discharged

Explanation:

Based on the information provided within the question it can be said that Bottling's contractual obligation to Chug is breached. This term refers to when a party in a contract does not meet the obligations that they agreed upon for whatever reason. Which, since Bottling decided to not perform their part of the contract due to prices becoming to high then they are breaching the contract, regardless whether or not it is due to external factors.

3 0
3 years ago
Sheridan Company has current assets of $74000, current liabilities of $100000, long-term assets of $176000 and long-term liabili
Gemiola [76]

Answer:

Current ratio = 0.74 : 1

Working Capital  = ($26,000)

Explanation:

Given:

Current assets = $74,000

Current liabilities = $100,000

Find:

Working Capital

Current ratio

Computation:

Working Capital = CA - CL

Working Capital = $74,000 - $100,000

Working Capital  = ($26,000)

Current ratio = [CA / CL]

Current ratio = [$74,000 / $100,000]

Current ratio = 0.74 : 1

4 0
4 years ago
Other questions:
  • Which of the following causes the most fatal injuries to children in the United States? A. Power window incidents B. Heatstroke
    12·2 answers
  • Bookman manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the proce
    7·1 answer
  • Which factor is an internal risk?
    9·1 answer
  • One criticism NOT normally aimed at a balance sheet prepared using current accounting and reporting standards is: A. Failure to
    10·1 answer
  • Welcome to week 15 of your course. In this discussion question you have the opportunity to be creative and to relate what you ha
    7·1 answer
  • New customers may be turned over to account servicing salespeople referred to as
    13·1 answer
  • The balance in the Finished Goods inventory account at the beginning of the month was $79,000 and at the end of the month was $7
    13·1 answer
  • A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e
    9·1 answer
  • Brazil, Russia, India, China, and South Africa, also known as BRICS, are emerging countries poised to be dominant economic playe
    14·1 answer
  • What is an example of your experience with cultural,racial and or economic diversity?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!