The Inventory Turnover Ratio, which can be calculated by dividing the cost of goods sold by the average inventory balance, can be used to measure how long a company keeps inventory before selling it.
Businesses may make better judgments in a range of areas, such as pricing, production, marketing, purchasing, and warehouse management, by measuring and calculating inventory turnover. In the end, the inventory turnover ratio measures how well the business makes sales from its inventory.
Inventory Turnover Ratio = Cost of Goods Sold / Avg. Inventory
Average inventory = (beginning inventory + ending inventory) / 2
The inventory turnover ratio calculates how frequently inventory is sold and replaced during a specific time frame.
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The detail you need to add to your next slide should address the issue of questions from the audience.
<h3>What is a Presentation?</h3>
This refers to the use of diagrams, charts, and tables to present an idea to an audience.
Hence, we can see that The detail you need to add to your next slide should address the issue of questions from the audience.
This is because you are being proactive by adding a slide of potential questions from the audience.
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Answer:
You should include why they should choose you and your good qualities
Answer: E. 18,000
Explanation:
Wesley Corporation has 80,000 shares of common stock authorized. This the total amount of common stock that is available for sale by the company.
Only 50,000 shares of common stock were issued and 12,000 shares of common stock as held as treasury stock.
Then the total number of outstanding shares of Wesley Corporation amounts to 80,000 - 50,000 - 12,000 = 18,000
Explanation:
The journal entry is as follows
On February 1, 2020
Land Dr $36,400
To Common Stock $14,000
To Paid- in capital in excess of par value - common stock $22,400
(Being the common stock is issued for land)
The computation is shown below:
For common stock
= 2,800 shares × $5 per share
= $14,000
And, the remaining balance is credited to the paid in capital in excess of par value i.e $22,400
