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Sergio039 [100]
3 years ago
9

Al's Sport Store has sales of $897,400, costs of goods sold of $628,300, inventory of $208,400, and accounts receivable of $74,1

00. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? (Hint: Days in inventory=365/Inventory turnover)
Business
1 answer:
Yanka [14]3 years ago
3 0

Answer:

121.07 days

Explanation:

Provided data from the question;

Sales = $897,400

costs of goods sold = $628,300,

inventory = $208,400

Accounts receivable = $74,100

Days in inventory=365/Inventory turnover

How many day, on average, does it take the firm to sell is inventory assuming that all sales are on credit =

Inventory Turnover = cost of goods sold ÷ inventory

= $628,300 ÷ $208,400 = 3.014875

Days in Inventory = 365 / 3.014875

= 121.07days

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Appliance Possible Inc. (AP) is a manufacturer of toaster ovens. To improve control over operations, the president of AP wants t
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Answer:

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Total Costs = $1,395,000

ii) Production level of 105,000 units:

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iii) Production level of 120,000 units:

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b) If AP sells the toaster ovens for $18 each, to make a profit of $309,000 before taxes, units to be sold are:

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a) A flexible budget tries to change the level of output.  It is a technique used to assess performance under different volumes or activities.  It helps management to make the right decisions, given the fact that different levels of activity may call for different cost and revenue reflections.

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Suppose the manager of an ice cream store is trying to forecast the pounds of ice cream that they will sell based on what they h
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Based on the information give your forecast for period 7 is 40.

<h3>Forecast for period 7</h3>

Given:

Time-series trend equation=25.3+2.1x

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Learn more about forecast here:brainly.com/question/24730207

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