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matrenka [14]
3 years ago
6

20. What is the formula to calculate the inventory turns rate in retail dollars and at cost

Business
1 answer:
Nadya [2.5K]3 years ago
8 0

\bold{\text {Inventory Turnover }=\frac{\text {cost of Merchandise Sold}}{\text {Average Stock for Period}}}

<u>Explanation:</u>

The sooner a stock turnover happens, the more profitable a business operates while enjoying a greater return on its capital and other resources. The stock turnover rate, otherwise known as inventory changes, provides insight into the productivity of a business, both actual and comparative, while turning its money into revenues and profits.

For Example:  

When two organizations do have Twenty million in stock, the one which sells everything in 30 days has good cash balance and lower incidence than the one which requires 60 days to do.

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3 years ago
Fabiola, who lives in mexico city, fills her car with gas, paying 357 pesos for 40.0 l. what is her fuel cost in dollars per gal
77julia77 [94]

Answer:

Fabiola pays 27.0963 dollars for 8.79877 gallons of fuel.

Step-by-step explanation:

We are given that,

Fabiola pays 357 pesos for 40 liters of fuel.

It is required to convert the amount in dollars.

Since, we know that,

1 peso = 0.0759 dollars

So, 357 pesos = 0.0759 × 357 = 27.0963 dollars

Moreover,

1 liter = 0.219969 gallons

So, 40 liters = 0.219969 × 40 = 8.79877 gallons

Thus, we get that,

Fabiola pays 27.0963 dollars for 8.79877 gallons of fuel.

4 0
3 years ago
Read 2 more answers
The cpi is a measure of the overall cost of the goods and services bought by __________. a a typical consumer, and the cpi is co
REY [17]
<span>The CPI is a measure of the overall cost of the goods and services bought by a typical consumer, and the CPI is computed and reported by the Bureau of Labor Statistics. The CPI stands for Consumer Price Index. The consumer price index will measure the weighted average pricing of what a basket of goods or services is priced at. They then calculate and average these prices to see what the price will change to overtime and how consumers will react to the market change in price. </span>
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3 years ago
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3 years ago
Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $11.00; direct labor, $25.00,
Oksi-84 [34.3K]

Answer:

$3.20 per unit

Explanation:

In this question, we have to compare the cost between two cases

In the first case, the total cost per unit would be

= Direct materials per unit + direct labor per unit + overhead cost per unit

= $11 + $25 + $17

= $53

In the first case, the total cost per unit would be

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So, the difference would be

= $56.20 - $53

= $3.20 per unit

3 0
3 years ago
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