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Early in 2022, Pina Company switched to a just-in-time inventory system. Its sales revenue, cost of goods sold, and inventory am

balu736 [363]

The Inventory Turnover for 2021 is 5.9 times and for 2022 is 10 times.

<h3>Inventory turnover</h3>

2021

Inventory Turnover = Cost of Goods sold / Average Inventory

Cost of Goods sold = $1,165,250/[($170,000+$225,000)/2]

Cost of Goods sold = $1,165,250/($395,000/2)

Cost of Goods sold = $1,165,250/197,500

Cost of Goods sold = 5.9 times

2022

Inventory Turnover = Cost of Goods sold / Average Inventory

Cost of Goods sold = $1,525,000/[($225,000+$80,000)/2]

Cost of Goods sold = $1,525,000/($305,000/2)

Cost of Goods sold = $1,525,000/152,500

Cost of Goods sold = 10 times

Therefore the Inventory Turnover for 2021 is 5.9 times and for 2022 is 10 times.

Learn more about Inventory Turnover here:brainly.com/question/12942515

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The complete question is:

Pina Colada Corp. switched to a just-in-time inventory system. Its sales and Inventory amounts for 2021 and 2022 are shown below.

2021 2022

Sales revenue $3,360,000 $3,900,000

Cost of goods sold 1,165,250 1,525,000

Beginning inventory 170,000 225,000

Ending inventory 225,000 80,000

Determine the inventory turnover for 2021 and 2022.

4 0

1 year ago

Miriam has 2 yellow tea cups and 5 brown teacups. Which ratio compares the number of brown tea cups to the total number of teacu

pashok25 [27]

The answer is 5:2 ration, it's already fully simplified

6 0

2 years ago

Select the simplification that accurately explains the following statement.

Mariana [72]

<u>Answer</u>

D

<u>Explanation</u>

9⁽¹/²⁾² = (9⁽¹/²⁾)²

= 9¹/² × 9¹/² (Since the base are the same, we can add the power.)

= 9⁽¹/² ⁺¹/²⁾

= 9 ¹

= 9

The correct simplification is D.

8 0

3 years ago

If $48,000 is invested in an account earning 3.1% interest compounded continuously, determine how long it will

Bas_tet [7]

Answer:

It will take about 35.439 years to triple.

Step-by-step explanation:

Recall the formula for continuously compounded interest:

$A=P\,e^{r*t}$

where "A" is the total (accrued or future) accumulated value, "r" is the rate (in our case 0.031 which is the decimal form of 3.1%), "P" is the principal, and "t" is the time in years (our unknown).

Notice also that even that the final amount we want to get is three times $48,000. So our formula becomes:

$3\,*\,48,000=\,48,000\,\,e^{0.031\,*t}\\\frac{3\,*\,48,000}{48,000} =e^{0.031*t}\\3=e^{0.031*t}$

Now,in order to solve for "t" (which is in the exponent, we use logarithms:

$ln(3)=0.031\,*\,t\\t=\frac{ln(3)}{0.031} \\t=35.439 \,\,years$

7 0

3 years ago

Pls answer with real answers only thank you

aev [14]

Answer: 32.35 cm^2

Step by step:

Find the area of the rectangle first.

A= L • W
A= 11 • 4.2
A= 46.2 cm^2

Then find the area of the circle. The formula is A= pi (r)^2. The diameter of the circle is 4.2 cm because looking at the width of the rectangle it fits into the circle as well.

Half of the diameter is 2.1 cm which is the radius.

A= pi (r)^2
A= pi (2.1)^2
A= pi (4.41)
A= 13.85 cm^2

Then you would subtract 13.85 from 46.2 to find the shaded portion.

Hope this helps :))

4 0

2 years ago