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
xz_007 [3.2K]
4 years ago
5

Rachets R Us Corp. reported sales for 2013 of $200,000. Rachets R Us listed $25,000 of inventory on its balance sheet. Using a 3

65-day year, how many days did Rachets R Us's inventory stay on the premises? How many times per year did Rachets R Us's inventory turnover?
Business
1 answer:
Nuetrik [128]4 years ago
8 0

Answer:

Invneotry TO 8

days on invnetory 46

Explanation:

\frac{sales}{average\:inventory} = $TO \: inventory

200,000/25,000 = 8

The sales figure is done by selling inventory, to achieve the 200,000 sales with an inventory of 25,000 we should have sold our invnetory 8 times.

\frac{365}{Inventory \:TO} =$days on inventory

The year has 365 days If we sale our inventory 8 times per year.

This division will give us how many days to sold the entire inventory.

Because days can't be split in half, we round up.

365/8 = 45.625 = 46 days on inventory

You might be interested in
For each long-distance call anywhere in the continental United States, a new phone service will charge users $0.30 per minute fo
Vaselesa [24]

Answer:

The average length of his calls will stay the same. It's the cost that would change, not the length

Explanation:

4 0
3 years ago
Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IR
cestrela7 [59]

Answer:

a. 9.43%

Explanation:

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

IRR can be calculated using a financial calculator.

Cash flow in year zero = −$1,250 

Cash flow each year from year one to five = $325

IRR = 9.43%

To find the IRR using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

I hope my answer helps you

3 0
4 years ago
Hewlett-Packard will not raise the prices of its personal computers without first considering how Dell might respond. This is ev
faltersainse [42]

Answer: interdependence

Explanation:

Price fixing - incorrect. This is an illegal practise where 2 competing companies from the same market unlawfully agree that they won't sell their goods below a specific price. Hewlett - Packard and Dell did not enter into an agreement to limit their sales prices to a specific amount.

Cutthroat competition - incorrect. This is a practise where competitors within the same market aim to cripple or even eliminate their competition, by using heavy promotion or predatory pricing techniques (setting low prices to try an remove rivals). Hewlett - Packard is not aiming to use destructive techniques to eliminate Dell, and in this case isn't even considering lowering it's prices at all.

Collusion - incorrect. This is an illegal secret conspiracy, usually committed by competitors joining forces to mislead and deceive others within or linked to the market. This doesn't apply as Hewlett Packard 's intentions not to raise prices aren't to deceive Dell and other competitors. Further Hewlett - Packard has not made a secret pact of any form with its competitors.

Interdependence - correct. Interdependence is companies relying on each other to fulfil their objectives. Hewlett Packard relies on its competitors and how they will behave to a change in prices and other economic factors. The market is quite fragile, so any change by a company could have chain - reaction level effects to other companies and its customers operating within that same market. Both companies thus need each other in order to succeed.

7 0
4 years ago
One of the advantages of target costing is that it specifically considers the probable market price for the product.
dem82 [27]

Answer:

TRUE

Explanation:

This is because the goal of target costs is driven by the market price and customer satisfaction.

6 0
3 years ago
Feiler Corporation has total current assets of $493,000, total current liabilities of $357,000, total stockholders' equity of $1
Citrus2011 [14]

Answer:

The answer is C.

Explanation:

Current ratio shows the liquidity of of a company. This ratio tells us how a company or business is able to meet its short obligation.

This ration is very important to lenders because they use it to know of you will be able to meet the interest payment and principal

The formula for current ratio is:

Current assets/current liabilities

Total current assets is $493,000, Total current liabilities is $357,000

= $493,000/$357,000

=1.38

3 0
4 years ago
Other questions:
  • What does consumer goods mean??
    12·2 answers
  • On January 2, 2019, Adelphi Company purchased a patent for $175,000 plus $5,000 in legal fees. On that date, the patent had a re
    13·1 answer
  • How was Rockefeller able to become so successful in the oil business? A. He was the only one to use railroads for shipping his o
    13·2 answers
  • QUESTION 1 The Assembly Department started the month with 19,000 units in its beginning work in process inventory. An additional
    14·1 answer
  • An employer has posted a list of rights employees have under OSHA. The list has two items: the right to know about hazardous mat
    5·1 answer
  • The bullet train's projected $2.8-billion price increase will be funded by cutting spending on other public works project. This
    8·1 answer
  • Johnson Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a
    12·1 answer
  • Which of the following is an example of revenue? Multiple Choice
    13·1 answer
  • g Artis Sales has two store locations. Store A has fixed costs of $125,000 per month and a variable cost ratio of 60%. Store B h
    9·1 answer
  • Colleen Matthews had just turned 22 when her hard work finally started to pay off. Six months earlier Colleen graduated from a s
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!