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
A prototype is ________.
vodka [1.7K]

a. the first physical depiction of a new product is the best otion A prototype is the physical form of an idea or concept, usually in a model.

3 0
2 years ago
Stone Co. begins operations in 20X9 and reports $225,000 in income before income tax for the year. Stone's 20X9 tax depreciation
Crazy boy [7]

Answer:

The answer is: Stone can report $8,750 as deferred income tax liability

Explanation:

Deferred income tax liability: income tax owed by a business that is put off into future years because a difference exists between GAAP accounting (in this case book depreciation) and income tax accounting.

The deferred tax liability is based on the difference on depreciation. Since 20x9 is Stone Co.'s first year of operations, the depreciation difference in this year must equal the net future depreciation difference.

To calculate the deferred tax liability balance we take the difference in depreciation and multiply it by the future tax rate: $25,000 x 35% = $8,750.

8 0
3 years ago
Christopher, an accounts manager at a mid-sized health care firm, does not have any direct international responsibilities; howev
monitta

Answer:

better understanding how foreign operations affect the company's competitive advantage.

Explanation:

Based on the scenario being described within the question it can be said that Christopher would greatly benefit by better understanding how foreign operations affect the company's competitive advantage. Mostly due to the fact that it would allow Christopher to determine certain aspects or scenarios that the company may not realize and maybe help him climb in the ranks.

7 0
3 years ago
What are the 8 Consumer Rights
Alinara [238K]
The right to satisfaction of basic needs
The right to safety
The right to be informed
The right to choose
The right to be heard
The right to redress
The right to consumer education
The right to a healthy and sustainable environment

There are your 8. :)
6 0
3 years ago
In the short run, an increase in the aggregate price level caused by a shift in the aggregate demand curve first causes:
ra1l [238]

Answer: b. movement along SRAS

Explanation:

When the price level changes due to an increase in the demand that forces the Aggregate demand curve to shift rightward, the immediate effect would be that the Aggregate demand curve would intersect the Short Run Aggregate supply at a new point.

This new point will see a movement <em>along </em>the SRAS from its previous equilibrium point to the new equilibrium intersection point with the AD curve. In other words, the new point will be on the same SRAS curve just moving from one point to another.

6 0
2 years ago
Other questions:
  • Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is
    11·1 answer
  • Brady recently graduated from SUNY–New Paltz with his bachelor’s degree. He works for Makarov &amp; Company CPAs. The firm pays
    6·2 answers
  • In a statement of cash flows: Multiple Choice No noncash transactions are reported in the statement itself or the related footno
    9·1 answer
  • Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to
    13·2 answers
  • Pelicans Ice is a snow cone stand near the local park. To plan for the​ future, Pelicans Ice wants to determine its cost behavio
    11·1 answer
  • 17- Dell was one of the first companies to change the customer​ experience, allowing customers to order and configure their own
    6·1 answer
  • 8. A home inspection performed by a licensed inspector is
    8·1 answer
  • Suppose the government wants to help the coffee industry, where many producers earn relatively little. It is considering two pos
    7·1 answer
  • According to the FCPA, U.S. managers are criminally liable Question 5 options: a) Only for bribes paid in the U.S. and not in ot
    13·1 answer
  • Kate contracts Ofc Depot Inc. to install air conditioning units for each office in her company. Kate wanted the work to be done
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!