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
Arte-miy333 [17]
3 years ago
5

Jim had a beginning inventory of $5,500. During the month of April, he purchased $4,000 of food and had an ending inventory of $

3,800 at the end of the month. His sales for April were $8,750. What was his inventory turnover?
Business
1 answer:
Likurg_2 [28]3 years ago
8 0

Answer:

1.23

Explanation:

Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period.

Cost of Sales=Opening Inventory+Purchases-Closing Inventory

                      =5,500+4,000-3,800= 5,700

Average Inventory= Opening + Closing/2

                              = 5,500+3,800/2= 4,650

Inventory Turnover Ratio= <u>Cost of Sales</u>

                                            Avg Inventory

                                          = 5,700/4,650=1.23

You might be interested in
calculate the average of each of the following. speed per hour during a three-hour trip: 65 MPH, 55 MPH, 45 MPH
castortr0y [4]

Answer:

ffffgfggggggggggggg

5 0
3 years ago
What section of your resume includes your GPA?​
Ipatiy [6.2K]
What do you mean do you have a better example..? But usually some jobs don’t ask
4 0
3 years ago
Consumer Products Corporation wants to make an offering of securities to the public. This offering is not exempt from registrati
Ilia_Sergeevich [38]

Answer:

C. a prospectus.

Explanation:

Before a firm make an offering of its securities public, it must provide investors with prospectus as it contains the aims, purpose and objectives of the firm. All relevant information about the firm is contained therein.

Prospectus provides clarity to intending investors such as shares to be offerred for sale, issues on tax to be paid, investment policies, component of the fund and shares redemption etc. It is a legal document required by securities and exchange commission which gives information of an investment offering to the public about the sale of securities such as stocks, shares, bonds etc.

The prospectus must also give a concise information because investors will rely on it whether to invest by reviewing the investment fund and to check whether to invest in such fund.

5 0
3 years ago
Daniel has to prepare a report outlining the reasons why his company is going to shut down two factories in the united states. h
timurjin [86]
The inductive method is also sometimes called a scientific method. The method starts off by stating many observations of nature then arriving to the conclusion. The goal is to find a few and powerful ending statement based on the previously stated individual reasons. 
6 0
3 years ago
Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive
Jlenok [28]

Answer:

E) cross-fertilization of diverse cultures

Explanation:

Cross-fertilization of diverse cultures refers to several cultures mixing together and the result of that mix is that the best qualities or characteristics of each culture are absorbed by the other cultures.

This is a similar concept to the melting pot theory in the US, where diverse immigrants interacted together and they were able to get the best out of each other's culture.

3 0
3 years ago
Other questions:
  • Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results whi
    12·1 answer
  • Choose the best answer. labor rate = $12 per hour hours worked = 36 overhead rate = 125% retail price of good furnished = $185 s
    15·2 answers
  • fficiency wages, minimum-wage laws, and unions all keep wages a. below the equilibrium level, causing a shortage of labor. b. be
    13·1 answer
  • Assume that you hold a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. You are in the proces
    7·1 answer
  • Jake, a new human resource manager, alters the hiring and recruitment process of his firm when he learns that the firm was regul
    9·1 answer
  • An asset with a historical cost of $14,725 and accumulated depreciation of $10,000 was discarded, having no market value. How mu
    8·1 answer
  • To fund your dream vacation, you plan to save $1,475 per year for the next 15 years starting one year from now. If you can earn
    6·1 answer
  • Top earning game of USA​
    9·1 answer
  • Tucker Electronic System's current balance sheet shows total common equity of $3,125,000. The company has 100,000 shares of stoc
    11·1 answer
  • If a firm has debit of 40%, a tax rate of 35%, free cash flows of $31, a change in capital expenditures of $20, and a change in
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!