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
zubka84 [21]
3 years ago
11

Inventory Analysis A company reports the following: Cost of goods sold $347,480 Average inventory 86,870 Determine (a) the inven

tory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
Business
1 answer:
stiks02 [169]3 years ago
5 0

Answer:

a. 4

b. 91.25 Days

Explanation:

a. Inventory Turnover = Cost of goods sold/ Average Inventory

= $347,480 / 86,870

= 4

b. Number of days sales in Inventory = Inventory/ COGS*365

= 86,870 / $347,480 * 365

= 91.25 Days

You might be interested in
IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,0
Viktor [21]

Answer: $7,000

Explanation:

From the question, we are informed that IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000 and that IP Company has a beginning loan balance of $12,000.

The ending loan balance will be:

= $20,000 + $12,000 - $25,000

= $32,000 - $25,000

= $7,000

3 0
3 years ago
Under lot-for-lot, order sizes for component parts are essentially determined directly from which one of the following? a. gross
Nastasia [14]

Answer: b. Net requirements

Explanation: Lot sizing is used to consolidate the calculated net requirements by a certain unit. It puts into consideration cost reduction and work efficiency. One method of lot sizing is the lot-for-lot where the net requirements occurring for each period are the order quantity which generates greater volume of orders with smaller quantities per order and inventory investment as a result of ordering exact requirements only. The order sizes for component parts are essentially determined directly from net requirements.

5 0
3 years ago
The marginal cost of manufacturing x yards of a certain fabric is C'(x) = 3 − 0.01x + 0.000006x2 (in dollars per yard). Find the
Amiraneli [1.4K]

Answer:

There are 52 dollars increase on marginal cost when production rises

There are 58000 dollars increase on total cost when production rises

Explanation:

Please find attached word file with the calculations.

Download docx
8 0
3 years ago
Despite the heavy reliance on e-mail, in certain situations calling may be the most efficient channel of communication, whether
Tju [1.3M]

Answer:

Option c and e                            

Explanation:

In simple words, Proper telephone etiquette becomes vital to business success as it is typically a consumer's initial point of contact so that reflects how your management  will handle them in those other communications. Ensure sure any consumer that calls your company gets a perfect, lasting experience.

Thus, one should talk to the client politely and be professional during the talks as it makes a positive impact of personality on the client.  

4 0
3 years ago
The present value of a zero-interest-bearing note given for property, goods, or services should be measured by A : using the pri
morpeh [17]
I think the answer is A. I THINK the answer is A
8 0
3 years ago
Other questions:
  • Janelle manages a small pharmacy in Dallas, Texas. Recently, she started an initiative to help give low-income individuals steep
    9·1 answer
  • The Peridot Company purchased machinery on January 2, 2016, for $800,000. A five-year life was estimated and no residual value w
    14·1 answer
  • Jack complains that his wife is not sufficiently supportive, which causes him to do poorly at his job. jack's wife responds that
    8·1 answer
  • The first two traditional project phases (concept and development) focus on planning, and are often referred to as _____. a. pro
    15·2 answers
  • America First Electronics Inc. (AFE) is preparing to launch a set of new-to-the-world medical devices that are based on the same
    7·1 answer
  • Beerbo purchased a patent from Mitter Lite Co. for $1,000,000 on January 1, 2018. At that time, the patent's useful life was 10
    7·1 answer
  • In open economies, A. countries can save only by acquiring foreign wealth. B. investment always refers to the domestic stock mar
    8·1 answer
  • The classical view of the economy holds that transitions to full employment are relatively quick.1. Under what condition(s) can
    15·1 answer
  • What do you understand by Ranger?​
    9·1 answer
  • shopping online allows customers to compare prices of many goods and services. this technology will likely
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!