1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
4 years ago
12

Cost of goods sold $500,000 Average inventory 62,500 Determine (a) the inventory turnover and (b) the number of days' sales in i

nventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Number of days' sales in inventory days
Business
1 answer:
nadya68 [22]4 years ago
8 0

Answer:

(a) 8 times

(b) 45.6 days

Explanation:

Given that,

Cost of goods sold = $500,000

Average inventory = $62,500

Assume 365 days a year.

(a) Inventory turnover ratio:

= Cost of goods sold ÷ Average inventory

= $500,000 ÷ $62,500

= 8 times

(b) Number of days' sales in inventory days:

= 365 days ÷ Inventory turnover ratio

= 365 days ÷ 8

= 45.6 days

You might be interested in
Jerry bought his home 15 years ago for $60,000. Three years ago, Jerry married Debbie and she moved into the same house and has
AnnyKZ [126]

Answer:

The correct answer to the following question is option A) $0

Explanation:

Given information  -

House bought 15 years ago by Jerry at - $60,000

Jerry and her wife Debbie sold the house for - $340,000

The realized gain for Jerry and Debbie on the sale of house - $280,000 ( $340,000 - $60,000 )

Jerry and Debbie wants to file joint tax return , and they are allowed an exclusion up to $500,000. Which means if the amount of gain doesn't exceed $500,000, then they won't have to pay tax on this gain.

4 0
3 years ago
Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?
vitfil [10]

Answer:

Exception reporting

Explanation:

Which capability of digital dashboards enables users to have reports that highlight deviations larger than certain thresholds?

Drill down

Key performance indicators

Status access

Trend analysis

Exception reporting

Dashboard reporting is a process used to represent key performance indicators and relevant business data in a visual and interactive way and Exception reporting is a method of data analysis that compares an incoming stream of data to an established base set of data and flags items that don't quite match i.e,those instances in which actual performance deviated significantly from expectations and it enables users to have reports that highlight deviations larger than certain thresholds.

3 0
3 years ago
Why do companies practice price discrimination
timofeeve [1]
Its almost the same thing as price gouging but not really

3 0
3 years ago
Read 2 more answers
Assume that you have just sold a stock for a loss at a price of $75 for tax purposes. You still wish to maintain exposure to the
Agata [3.3K]

Answer:

$87.25

Explanation:

Calculation for the effective price paid to repurchase the stock

Using this formula

Effective price = Strike Price + Price

Let plug in the formula

Effective price =$80+$7.25

Effective price =$87.25

Therefore the effective price paid to repurchase the stock will be $87.25

8 0
3 years ago
For years Microsoft did not pay dividends to its shareholders. Instead it held back these profits to be used for future growth o
Lynna [10]
These undistributed profits are refereed to as RETAINED EARNINGS. They are also called accumulated profits, undivided profits and earned surplus. The undistributed profits form a part of a business' equity and they are owned by the shareholders.
4 0
3 years ago
Other questions:
  • Standlar Company makes and sells wireless speakers. The price of the standard model is $360 and its variable expenses are $210.
    12·1 answer
  • . Describe an example of a company that manufactures a product.
    15·1 answer
  • Most credit card incentive programs give. a)cash. b)cash back. c)discounts. d)set dollar savings
    12·1 answer
  • According to many social scientists, adolescence ends for most people A. when they become independent from their parents. B. whe
    7·2 answers
  • The management of Dewitz Corporation is considering a project that would require an initial investment of $65,000. No other cash
    14·1 answer
  • At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31
    15·1 answer
  • g Molly is not married and has no children. She executes a will, disposing of her estate to her sister Nina. Later, Molly marrie
    14·1 answer
  • Minaret, Inc., issued 10,000 shares of $50 par value preferred stock at $68 per share and 12,000 shares of no-par value common s
    5·1 answer
  • Floridation of drinking water helped to reduce water-borne infections like cholera and typhoid in the United States. True False
    13·2 answers
  • as the service level increases, the probability of not running out of stock during a cycle decreases.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!