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
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.

You might be interested in
A lawn service company has the following production possibilities. With​ one, two,​ three, and four​ workers, the company can mo
Marianna [84]

Answer: Third

Explanation:

Diminishing returns to labor refers to the phenomenon where every additional worker leads to an increase in production at a decreasing rate.

Using the scenario described, when there was only one employee the company could mow 4 lawns a day. They added a 2nd worker and that figure went to 9 lawns a day which is an increase of FIVE.

When they added a 3rd worker, the figure again went up but only to 12 which is an increase of THREE only as opposed to the last increase of FIVE.

After the third worker therefore, there was an increase but at a smaller rate.

7 0
3 years ago
Which of the following statements about the marketplace of ideas is true? The British created the marketplace of ideas in the se
pentagon [3]

Answer:

Private groups and the news media play important roles in shaping opinions in the marketplace of ideas.

Explanation:

The marketplace of ideas denotes to the thought and belief of the idea that the authenticity of the truth or its acceptance depends upon the level of competition which the ideas have with one another. This is irrespective of the view that the truth has been provided by the government or by any authority.

8 0
3 years ago
Which of the following situations might convince an employer to choose a nonqualified retirement plan over a qualified profit-sh
Vinil7 [7]

Answer:

All the options might convince to an employer to choose a nonqualified retirement plan over a quialified plan.

en A). the owner of the corporation would use a nonqualified plan because the income tax rate of the business is lower than the owner´s tax rate.  

B) Is a true statement.  as nonqualified plans are typycally only stablised to benefit the executive and there are no requirements to benefit thr rank and file

C)

would cause an employer to choose a nonqualified plan because a nonqualified plan requires less administrative costs than a profit sharing plan

7 0
3 years ago
Which of the following are good choices for your appearance in an interview?
nexus9112 [7]

-dress nicely

-be prepared

-empathize

Where are your options? Anyway, I hope this helps!!! :)

4 0
3 years ago
Read 2 more answers
A company decides to close down its plastics division. It has on hand 20 tons of styrene monomer, a raw material that has a mark
Elena-2011 [213]

Answer:

$16,000

Explanation:

With regards to the above information, we are only concerned with calculating the value of 20 tons of styrene to the company, hence other information are not relevant.

The total value of the 20 tons of styrene monomer to the company would be ;

= 20 tons of styrene monomer × Market price of styrene monomer per ton

= 20 × $800

= $16,000

6 0
3 years ago
Other questions:
  • Dream Home Builders, a construction company, wants to make a decision on the quantity of labor to be hired. It has already emplo
    12·2 answers
  • A new project would require an immediate increase in raw materials in the amount $6,000. The firm expects that accounts payable
    7·1 answer
  • Garcel, Inc. held unfinished inventory at a cost of $85,000 with a sales value of $125,000. The inventory will cost $10,500 to c
    9·1 answer
  • Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during
    6·1 answer
  • Assume that TarMart purchased equipment at the beginning of fiscal year 2016 for $480,000 cash. The equipment had an estimated u
    6·1 answer
  • Return to questionItem 6Item 6 E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] FedEx Co
    5·1 answer
  • Classical economists assumed that: Spending leakages exceed spending injections. Interest rate adjustment will cause business in
    9·1 answer
  • Which statement is true of an adjustable rate mortgage?
    8·1 answer
  • There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f
    11·1 answer
  • Most people would readily agree that the stock market is a. Not semi-strong form efficient b. Strong form efficient c. Semi-stro
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!