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vivado [14]
3 years ago
8

Financial statement data at December 31 for Alpine Company are shown below.

Business
1 answer:
sesenic [268]3 years ago
5 0

Answer:

b. 121.7 days

Explanation:

Number of day's in sales = \frac{Average\: Inventory}{Cost \:of \:Goods \:Sold} \times 365

Here average Inventory = \frac{380,000 \: + \:320,000}{2} = 350,000

Therefore Number of days in sales = \frac{350,000}{1,050,000} \times 365 = 121.7 = days

Thus, in this manner we calculate the average number of days in sales, which are 121.7 days

b. 121.7 days

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Corporations.

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8 0
3 years ago
A decrease in​ "financial frictions" is associated with​ ________.
qaws [65]

Answer:

The correct answer is option E.

Explanation:

Financial frictions in the process of making transactions, it refers to the stickiness involved in the process of making transactions. It includes the time, money and efforts that are involved in gathering information and making a transaction.  

Institutional reforms can help in reducing financial frictions. A decrease in financial frictions will make transactions easier.  

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4 years ago
Based on the following cost estimates, what is the reproduction cost of a 2,350-sq.-ft. house with a 1,100-sq.-ft. basement, a 6
alukav5142 [94]

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7 0
3 years ago
Why might social business be especially useful for global companies?
Varvara68 [4.7K]
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3 years ago
Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance
jasenka [17]

Answer:

The percentage of assets committed to inventory is 26.9%.

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<em>Inventory as a percentage of assets = total inventory / total assets × 100</em>

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4 0
3 years ago
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