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
Sedbober [7]
3 years ago
12

Ottawa, Inc. provides the following data: 2019 2018 Cash $23,000 $22,000 Accounts Receivable, Net 37,000 37,000 Merchandise Inve

ntory 55,000 25,000 Property, Plant, and Equipment, Net 127,000 96,000 Total Assets $242,000 $180,000 For the year ending December 31, 2019: Net Credit Sales $300,000 Cost of Goods Sold (170,000) Gross Profit $130,000 Calculate the days' sales in inventory for 2019. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.)
Business
1 answer:
Kaylis [27]3 years ago
4 0

Answer:

The days' sales in inventory for 2019 is 85.88 days

Explanation:

For computing the days' sales in inventory first we have to compute the inventory turnover ratio.

Inventory turnover ratio =  Cost of goods sold ÷ average inventory

where,  

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

= ($25,000+ $ 55,000 ) ÷ 2

= $40,000

And, the cost of good sold is $170,000

Now put these values to the above formula  

So, the answer would be equal to  

= $170,000 ÷ $40,000

= 4.25 times

Now days sales inventory = Total number of days in a year ÷ inventory turnover ratio

= 365 days ÷ 4.25 times

= 85.88 days

You might be interested in
Drag each label to the correct location on the image.
igor_vitrenko [27]

Answer: HMO: Primary Care Physician, In network only

PPO: Referral requirements, Out of network doctors

Explanation:

8 0
3 years ago
Read 2 more answers
While an attribute is an inherent quality or characteristic of a product or service, a(n) _____________ is a result or outcome a
o-na [289]

Answer:

benefit

Explanation:

The characteristics define what a product is for, the benefits define the difference that our product has versus the competitive product and the motivators define how the characteristics and benefits of these products will help each individual customer. To say that the product will help a specific and unique customer is to show the real motivator of the purchase, that is, that specific benefit that by itself will make the customer buy the product. It reaches the end that the customer buys products for different benefits for which the product has been created. For example, a chair is used to sit, but at the same time it can be purchased as a decoration item (chair in the middle of a hallway) or used as a staircase in the kitchen.

4 0
3 years ago
A technique known as _____ is one useful strategy for problem finding.
Naddika [18.5K]

A technique known as bug listing is one useful strategy for problem finding. A bug list is known as making a list of theings that bug you. When this list is made, you can help solve the problems that are bugging you in your life instead of dwelling on things that may never change or dwelling without changing your life.

7 0
3 years ago
On july 25, henry company's accountant prepared a check for august's rent payment. henry company mails the checkon july 27 to th
erastovalidia [21]
<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
4 0
3 years ago
Select all that apply Benefits of small amounts of inflation include Multiple select question. more expansionary monetary policy
EleoNora [17]

Benefits of small amounts of inflation include more expansionary monetary policy, the placebo effect, and the facilitation of relative price changes.

<h3>What is meant by inflation?</h3>

Inflation is the term used to describe the rate of price rise for goods and services.

It is sometimes used to categorize inflation according to cost-push, demand-pull, and built-in factors.

The two most popular inflation measures are the Consumer Price Index and the Wholesale Price Index.

Inflation can be viewed favorably or badly depending on the perspective and rate of change.

Inflation may be advantageous for those who own tangible assets since it will raise the value of their holdings, such as real estate or goods that are kept in storage.

Inflation's primary causes include:

  • Consumer-driven inflation
  • Price-driven inflation
  • more money available
  • Devaluation
  • increasing pay
  • Regulations and policies

Benefits of Inflation: In order to meet increasing demand, production must increase. Additionally, debtors benefit from inflation because they can return their loans with funds that are less valuable than the funds they borrowed. This promotes borrowing and lending, which boosts expenditure on all levels once more.

To know more about inflation refer to:  brainly.com/question/15692461

#SPJ4

6 0
2 years ago
Other questions:
  • Alpha Corporation has 1,500 shares of $40 par, 7% cumulative preferred stock, and 2,200 shares of $10 par common stock. Alpha pa
    13·1 answer
  • Start business 10500 with cash
    12·1 answer
  • Which of the following are generally considered to be uncontrollable government expenditures?
    7·1 answer
  • Suppose you learn that your friend is serving flank steak at her​ party; all-you-can eat and at no charge. Flank steak is your f
    10·1 answer
  • The classified balance sheet will show which asset subsections?
    14·1 answer
  • Maximal oxygen uptake ________ throughout adulthood, a trend that is related to the __________ in maximum heart rate and in musc
    10·1 answer
  • When purchasing a new computer, first determine the brand you want. True or False
    11·2 answers
  • A(n) ________ may occur if a major shareholder desires to sell a large number of shares but the market for the shares is not suf
    15·1 answer
  • Leaving here getting my account deleted in 24 hours bc i wanted to leave so bye here are sum points.
    5·2 answers
  • An enhancing qualitative characteristic of accounting information that allows users to better understand similarities and differ
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!