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
Nikolay [14]
3 years ago
13

Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) Calculate the number of days' sales in inven

tory for 2019, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.) Calculate the accounts receivable turnover for 2019. (Round your answer to 1 decimal place.) Calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.)
Business
1 answer:
rusak2 [61]3 years ago
7 0

Answer:

A.3.63 times

B.95.5 days

C.21.0 times

D.13.5 days

Explanation:

a.

Inventory turnover = Cost of goods sold / Average inventories

Hence:

= $602,250 / $166,000

= 3.63 times

b.

Number of days’ sales in inventory = Inventory at year-end / Average day’s cost of good sold

= $157,575 / $1,650

= 95.5 days

Average day’s cost of goods sold

= Annual cost of good sold / 365

= $602,250 / 365 = $1,650

c.Accounts receivable turnover

= Sales / Average accounts receivable

= $821,250 / $39,100

= 21.0 times

d.

Number of days’ sales in accounts receivable

= Accounts receivable at year-end / Average day’s sales

= $30,400 / $2,250 = 13.5 days

Average day’s sales = Annual sales / 365

= $821,250 / 365

= $2,250

You might be interested in
The debit side of an account
Vikki [24]
Loan investment account.. can be either side of the account depending on how the accountant set up the system
4 0
3 years ago
Marketing strategy of strepsils company
QveST [7]

Answer:

InstallCourses

SWOT ANALYSIS ›FMCG ›

Strepsils SWOT Analysis, Competitors, STP & USP

Published by MBA Skool Team, Last Updated: April 20, 2020

SWOT analysis of Strepsils analyses the brand by its strengths, weaknesses, opportunities & threats. In Strepsils SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Strepsils to benchmark its business & performance as compared to the competitors. Strepsils is one of the leading brands in the FMCG sector.

The table below lists the Strepsils SWOT (Strengths, Weaknesses, Opportunities, Threats), top Strepsils competitors and includes its target market, segmentation, positioning & Unique Selling Proposition (USP).

5 0
3 years ago
In Step 4, the EUP from Step 2 and the cost per EUP from Step 3 are used to assign costs to the:______ (You may select more than
Licemer1 [7]

Answer:

Option B. Units completed and transferred to finished goods

&

Option C. Units in ending work in process inventory

Explanation:

The reason is that the Equivalent units of Production that include number of units that would have been completed if all the efforts required were applied to the product completion which are the products started and finished during the period. The definition clearly states that the units considered would be the one that are shifted to finished goods from work in progress state in the current year or the one which is at work in progress state.

In the nutshell, the only units that would be considered in the assignment of the cost in the Step 4 will be either Work in Progress (Option C) or the Finished Goods that is shifted to Work in Progress (Option B).

7 0
3 years ago
The management of Vimonland Theme Park sells that proprietary rights of all the park rides toan investment company to operate on
julsineya [31]

Answer:

a. licensor

Explanation:

The licensor is the person or company that have the rights on an idea, product, service, etc, and gives the licensee limited permission to market that. In this case, Vimonland Theme is a licensor because the company gives the rights to an investment company to operate a franchise.

8 0
3 years ago
Indicate what components of GDP (if any) each of the following transactions would affect.
kvv77 [185]

Answer:

It will fall under Consumption if it is a commodity or non-capital good purchased.

It will fall under Investment if it is a capital good that was sold or purchased.

It will fall under Government Spending if the Government bought or paid for it.

It will fall under Net Exports if it involves the purchase of goods from another country or the sale of goods to another country.

You buy a new Toshiba computer  - CONSUMPTION AND NET EXPORTS.  

Toshiba is a Japanese Company.

Ford manufactures a Focus and sells it to Avis, the car rental company. INVESTMENT.

It becomes a capital good to Avis.

Dell sells a desktop computer from its inventory to the Johnson family . - CONSUMPTION and INVESTMENT.

The Desktop is considered a capital good as it can be an investment by the family to produce goods or services.

Aunt Jane buys a new house from a local builder.  INVESTMENT

Housing is a capital good.

The federal government sends your grandmother a Social Security check. - TRANSFER PAYMENT which means it is not to be included in GDP.

Texas hires public middle school teachers .  - GOVERNMENT SPENDING.

Texas will be spending to pay teacher's salaries.

You pay a domestic plumber for fixing a leak in your bathroom.  - CONSUMPTION.

Uncle Paul pays a domestic contractor for renovating his home - CONSUMPTION.

This is housing but it involves buying goods to change the appearance of the house not buying the house itself.

6 0
4 years ago
Other questions:
  • If I have a half circle how many degrees are they?
    11·1 answer
  • The process of following a professional for a day or two to get a taste of what various careers entail and receive in-depth expo
    10·1 answer
  • 1.) What are the three personal traits that help you most in the business world?
    7·1 answer
  • The type of system that integrates the information of departments and functions of a company into a single computer system is ca
    15·1 answer
  • Đề xuất 1 chiến lược cạnh tranh phù hợp cho công ty cổ phần bia rượu Sài Gòn SABECO
    6·1 answer
  • Manager Mike offered incentives, allowed his employees to voice their opinions, and communicated positive messages. How do these
    5·1 answer
  • Which sector dominates developed economies such as the United States? In developed economies such as the United States, the sect
    11·1 answer
  • An accounts receivable ledger:
    10·1 answer
  • Population estimates show that by the year 2030, nearly 72 million of the population in the united states will come from which g
    10·1 answer
  • Moving between two points on a ppf, a country gains 8 desktop computers and forgoes 4 laptop computers. the opportunity cost of
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!