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3 years ago

Which company is more likely to have the higher inventory turnover ratio: a grocery store or an automobile manufacture?

Business

1 answer:

boyakko [2]3 years ago

7 0

Answer:

Grocery store

Explanation:

Groceries are sold on daily bases as people's need are daily met. The purchases ration is higher than that of automobiles.

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Hazelwood Company had beginning inventory of $54,000. During the period the company purchased $109,800 of merchandise. At the en

Ilia_Sergeevich [38]

Answer:

$207000 is the sales revenue for the year.

Explanation:

The given situation is:

Sales Revenue 100%

Cost Of Goods sold <u> 60% </u>

Profit Margin 40%

Now we neither have sales revenue figure nor the profit margin figures but we can calculate cost of goods sold from the following formula:

Cost Of Goods Sold = Opening Inventory + Purchases - Closing Inventory

By putting values we have:

Cost Of Goods Sold = $54,000 + $109,800 - $39,600

Cost Of Goods Sold = $124,200

Now cost of goods sold is 60% which means if we want to go at 100% we will divide with the percentage at which we are standing (60%) and multiply with the percentage which we want to calculate (Sales is 100%).

Sales revenue = Cost of goods sold * 100% / 60%

Sales revenue = $124200 * 100% / 60% = $207,000

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3 years ago

which florida law requires owners and operators of motor vehicles to be financially responsible for damages and or injuries they

mrs_skeptik [129]

The Financial Responsibility Law

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3 years ago

Read 2 more answers

Manufacturing overhead has an underallocated balance of $12,400; raw materials inventory balance is $145,500; work in process in

Gekata [30.6K]

Answer:

$182,900

Explanation:

With regards to the above, after adjusting for the under allocated manufacturing overhead, cost of goods sold would be

= Under allocated balance of manufacturing overhead + cost of goods sold

= $ 12,400 + $170,500

= $182,900

7 0

3 years ago

A 2-for-1 stock split increases the marketability of the stock because.

Nutka1998 [239]

The reason why a stock-split of 2-for-1 can be said to increase a stock's marketability is that the market price for each share decreases.

<h3>What does a 2-for-1 stock split do?
</h3>

When a stock is split in this manner, it means that there will now be two stocks for every stock there was before.

This means that the price of every stock will be halved. This increases marketability because the lower market price makes the stock cheaper for people to buy.

Find out more on stock splits at brainly.com/question/14247504.

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2 years ago

Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transfe

LiRa [457]

The various costs for Solomon Ski Company during the recent accounting period are determined as follows:

1. Cost per equivalent unit is <u>$65.</u>

2. Cost of finished goods transferred out from the finishing department is <u>$269,750</u>.

3. Cost of the ending WIP inventory is <u>$15,600</u>.

<h3>What is the cost per equivalent unit?</h3>

The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.

The equivalent units of production depend on the degree or percentage of completion for the various cost classes.

<h3>Data and Calculations:</h3>

Transfer to finished goods = 4,150

Ending inventory = 480

Degree of completion of the ending inventory = 50%

Total equivalent units = 4,390 (4,150 + 480 x 50%)

Total production costs = $285,350

Cost per equivalent unit = $65 ($285,350/4,390)

Cost of finished goods = $269,750 ($65 x 4,150)

Cost of the ending WIP = $15,600 ($65 x 240)

Thus, equivalent units refer to the degree of work completed per unit.

Learn more about equivalent units of production at brainly.com/question/16259709

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7 0

1 year ago