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storchak [24]
3 years ago
15

A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,

the company had $16 million worth of inventory of ready-to-ship devices. (Round your answer to 1 decimal place.) Assuming that units in inventory are valued (based on cost of goods sold) at $500 per unit and are sold for $1750 per unit, what is the company's annual inventory tumover
Business
1 answer:
kaheart [24]3 years ago
4 0

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

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Answer:

C Liabilities are understated, and net income is overstated.

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To accrue for interest expense, the required entries are;

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If this is not posted, liabilities and expenses for the period would be understated. As such, net income would be overstated.

Hence the right answer is C Liabilities are understated, and net income is overstated.

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3 years ago
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According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.

  Therefore, Perceived value is the correct answer.

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3 years ago
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Alexxandr [17]
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3 years ago
1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is *
Eddi Din [679]

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devlian [24]

<em>Answer:</em>

<em>d. delegation.     </em>

<em>Explanation:</em>

<em>Delegation: </em><em>In management, delegation is described as any of the assignment related to an authority figure that is being given to another individual, for example, a task or assignment given by a manager to his or her subordinate to lead a few specific activities. Delegation is determined as one of the different concepts related to "management leadership". Therefore, an individual who is being delegated a specific work tends to remains "accountable" for the output of the "delegated work".</em>

<em>As per the question, Alex probably never learned to use the tool of delegation.</em>

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