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
trapecia [35]
3 years ago
11

A firm's database showed that the average value of all inventory items for the year was $7,650. The cost of goods sold was repor

ted at $76,500. Because the company closes for two weeks each year, its business year is reduced in length. How many weeks of supply were held in inventory? Group of answer choices
Business
1 answer:
Zinaida [17]3 years ago
8 0

Answer:

We know the average inventory was 7,650 and the cost of goods sold through  out the yer were 76,500.There are about 52 weeks in a year. If the company closes for 2 weeks, then they are in business for 50 weeks a year.

If we divide the cost of goods sold by the number of weeks that the company is open, we get what is the cost of goods sold each week.

76,500/50= 1,530

The company has 1,530 of cost of goods sold each week. And their average inventory is of 7650 so if we divide average inventory by the cost of goods sold each week, we will get how many weeks of supply is held in inventory.

7650/1530=5

The company holds 5 weeks of supply in inventory.

Explanation:

You might be interested in
King Company issued bonds with a face amount of $1,600,000 in 2015. As of January 1, 2020, the balance in Discount on Bonds Paya
dangina [55]

Answer:

Dr Bonds payable 1,600,000

Dr Loss on redemption of bonds 36,800

    Cr Cash 1,632,000

    Cr Discount on bonds payable 4,800

Explanation:

Loss/gain on redemption  of bonds = carrying value - cash paid = ($1,600,000 - $4,800) - $1,632,000 = $1,595,200 - $1,632,000 = -$36,800 loss

7 0
3 years ago
Which of the following tasks in the AFIstrategy framework involves putting the formulated strategy into practice through organiz
ahrayia [7]

Answer:

The answer is B.strategy implementation

Explanation:

Implementation involves putting the formulated strategy ; organizational design, structure, culture, control

3 0
3 years ago
Mikail's perfectly competitive camera memory card–producing factory is making positive economic profits. If the price of memory
irina1246 [14]

Answer:

B. $6000

Explanation:

Given that

Price = $9

Average total cost (ATC) = $7

Output (Q) = 3000

Two methods can be used in calculating profit in this case.

The first method is

Profit = (price - ATC) × Q

= (9 - 7) × 3000

= 2 × 3000

= $ 6000

The second method is

Profit = Total revenue (TR) - Total Cost (TC)

Where TR = Price × Q = 9 × 3000 = $27000

TC = ATC × Q = 7 × 3000 = $ 21000

Therefore,

Profit = 27000 - 21000

= $6000

Any method used will result to the same answer.

NOTE THAT,

ATC = Total cost / Q.

So change of formula was used to obtain Total cost from this formula.

4 0
3 years ago
During live ammunition turn-in, the customer service clerk completes which form?
Rina8888 [55]

During live ammunition turn-in, the customer service clerk completes <u>DA Form 581.</u>

<h3>Who is a customer service clerk?</h3>

A customer service representative is in charge of addressing customer concerns, providing information when asked, and offering excellent customer service. Information exchange, addressing and documenting requests, gathering money, and resolving billing disputes are among the duties of customer service clerks. Furthermore, they make certain that clients receive goods or services on time. A strong ability to listen and communicate is required of job candidates. In addition to being able to multitask, they must have strong customer service abilities. Additionally, they will have an advantage if they possess conflict resolution and problem-solving skills.

To know more about DA Form 581 visit:-brainly.com/question/28268115

#SPJ4

8 0
1 year ago
If the minority price for a single share of stock of a company is $20, if there are 500 thousand shares of stock, and a person o
KATRIN_1 [288]

Answer:

$4,500,000

Explanation:

current market price per stock $20

total stocks outstanding 500,000

corporation's total value = 500,000 x $20 = $10,000,000

investor's offer to purchase 100% at $14,500,000

controlling interest premium = $14,500,000 - $10,000,000 = $4,500,000

new price per stock = $14,500,000 / 500,000 = $29

The controlling interest premium equals the difference between the current market price of the stock and the purchase offer.

8 0
3 years ago
Other questions:
  • The records of penny Co. Indicated that 415,000 of merchandise should be on hand December 31. The phyiscla inventory indicates t
    7·1 answer
  • Are there any truly free dating websites
    6·1 answer
  • Identifying specific portions of a market and targeting them with specific advertising messages is called _____.
    8·1 answer
  • Ally Bank advertises "24/7 live customer care," which means that customer can call by telephone and speak with a human being abo
    13·1 answer
  • We will derive a two-state put option value in this problem. Data: S0 = 180; X = 190; 1 + r = 1.1. The two possibilities for ST
    9·1 answer
  • Craigmont company's direct materials costs are $3,000,000, its direct labor costs total $7,000,000, and its factory overhead cos
    10·1 answer
  • Suki health foods has 19,000 shares of $5 par common stock outstanding, which were issued at $12 per share. suki also has a defi
    10·1 answer
  • The City of Lawrence opens a solid waste landfill in 2017 that is at 54 percent of capacity on December 31, 2017. The city had i
    5·1 answer
  • Decision Point: Choosing Your Shake's Packaging You've selected the formula for the turmeric shake. You now need to decide on th
    5·1 answer
  • Redi- Cor is trying to compile information about transactions between customers. Which of the following is not a reason Redi- Co
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!