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Aleksandr-060686 [28]
3 years ago
10

For the year ended December 31, Depot Max's cost of merchandise sold was $56,900. Inventory at the beginning of the year was $6,

540. Ending inventory was $7,250. Depot Max's number of days' sales in inventory is closest to
a. 42
b. 46
c. 8
d. 44
Business
1 answer:
neonofarm [45]3 years ago
3 0

Answer:

option (b) 46

Explanation:

Data provided in the question:

Max's cost of merchandise sold = $56,900

Inventory at the beginning of the year = $6,540

Ending inventory = $7,250

Now,

Depot Max's number of days' sales in inventory

= \frac{\textup{Ending inventory}}{\textup{Max's cost of merchandise sold}}\times360

or

= \frac{\$7,250}{\$56,900}\times360

or

= 45.86 ≈ 46

Hence,

Depot Max's number of days' sales in inventory is closest to option (b) 46

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Roberts, which began business at the start of the current year, had the following data:Planned and actual production: 40,000 uni
UkoKoshka [18]

Answer:

Gross margin = $166,500

so correct option is C. $166,500

Explanation:

given data

Planned and actual production = 40,000 units

Sales = 37,000 units @ $15 per unit

Production costs

Variable = $4 per unit

Fixed = $260,000

Selling and administrative costs

Variable = $1 per unit

Fixed = $32,000

to find out

gross margin that the company would disclose on an absorption costing income statement

solution

we get here sale that is

Sales = 37000 ×  $15

sales = $555,000

and

cost of good sold is

cost of good sold is = variable cost per unit + fixed cost per unit

cost of good sold is = 4  + \frac{260000}{40000}

cost of good sold is = 10.5

so total cost of god sold = 37000 × $10.5

total cost of god sold = $388500

so Gross margin is here

Gross margin =  $555,000 - $388500  

Gross margin = $166,500

7 0
2 years ago
The mean width of 12 iPads is 13 cm. The mean width of 8 Kindles is 12 cm. 2 pts
MissTica

Answer:

see below

Explanation:

Mean is the average of a set of data or numbers. if the mean is 13, it implies that on average, the width of one iPad is 13cm.

a). Width of 12 iPads is 13cm.

Total width will be 12 x 13

= 156 cm

b). Total width of candles

mean of 8 candles is 12 cm

total width = 8 x 12

=96 cm

c).  mean of iPads and candles

=width of iPads + width of candles divided by total of candles and iPads

= (156cm + 96cm) / (12 + 8)

=252 /20

=12.6 cm

7 0
3 years ago
Overzealous pursuit of wealth, pressure to exceed performance standards, and a culture that values profits more than ethical beh
Licemer1 [7]

Answer:

are the primary causes of the majority of unethical business behaviors.

Explanation:

An ethic can be defined as a set of both written and unwritten principles, values or rules of moral conduct that guides (governs) human behaviors. It's a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.

Ethical issues are mostly complicated for businesses that operate in the global economy because different cultures have different norms and values.

Generally, some of the fundamental cause of unethical business behaviors across the world are;

I. Overzealous pursuit of wealth

II. Undue pressure on employees or the management to exceed performance standards.

III. A culture that values profits more than ethical behavior.

An ethical climate can be defined as a collection of behaviors that are considered to be acceptable and correct within an organization or business firm. Also, an ethical climate provides the human resources management of an organization with a framework or benchmark on how employee behavioral issues or ethical problems are to be managed or handled within the organization.

Thus, an organization with a strong ethical climate is generally considered to have an effective, conducive, just and optimum working standards for its employees and as such would significantly increase employee trust and commitment.

3 0
2 years ago
The main provision of the Occupational Safety and Health Act states that each employer should furnish each employee a place of e
dangina [55]

Answer:

The correct answer is letter "C": general duty clause.

Explanation:

The general duty clause is a statement imposed by the Occupational Safety and Health Act (OSHA) of 1970 by which employers commit to independently identify hazardous conditions at work to find ways to avoid them so employees' safety can be ensured. The OSHA provides a variety of informational and training material focused on health risks and safety.

8 0
3 years ago
What are examples of financial obstacles to a career plan? Check all that apply. I was unable to save enough money to pay for co
Murrr4er [49]

Answer:

Explanation:

The following reasons are all examples of financial obstacles to a career plan...

  • I was unable to save enough money to pay for college.
  • The bank did not approve my loan application to fund my new company.
  • I applied for but did not receive a college scholarship.

All of these examples, make it difficult for the individual to pursue the career that they want due to a lack of finances. This includes both going to college to pursue learn and enter the job world that you want as a career as well as forming a company and entering the market that you want as a career as an entrepreneur.

6 0
3 years ago
Read 2 more answers
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