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
Drupady [299]
3 years ago
8

SQC Inc. had sales of $3,000,000, cost of merchandise sold of $2,100,000, and average inventory of $140,000. What is SQC Inc.'s

days' sales in inventory? (Round the answer to the nearest whole number.)
Business
1 answer:
Goryan [66]3 years ago
4 0

Answer:

Days' sales in inventory = 24 days.

Explanation:

We know,

Days' sales in inventory = 365 ÷ Inventory Turnover

Given,

Inventory Turnover = Cost of goods sold (cost of merchandise sold) ÷ Average inventory

Inventory Turnover = $2,100,000 ÷ $140,000

Inventory Turnover = 15 times

Therefore,

Days' sales in inventory = 365 ÷ 15 times

Hence, Days' sales in inventory = 24.33 days

Days' sales in inventory = 24 days.

Days' sales in inventory indicates that within 24 days, the company can sell the inventory.

You might be interested in
If the coupon rate on a bond is higher than the yield to maturity, Multiple Choice the bond sells at a discount. the coupon rate
Law Incorporation [45]

Answer:

the current yield on the bond is lower now than when the bond was originally issued.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

A yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

Hence, if the coupon rate on a bond is higher than the yield to maturity, the current yield on the bond is lower now than when the bond was originally issued.

7 0
3 years ago
The financing section of a cash budget is needed if there is a cash deficiency or if the ending cash balance is less than Entry
WITCHER [35]

Answer:

A. Management's minimum required balance.

Explanation:

The minimum balance is the minimum dollar sum that a client must have in an account to get some service benefit, for example, keeping the account open or getting premium.

4 0
3 years ago
Crane Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2014. The subsidiary ledger contains
kondor19780726 [428]

Answer:

$4,375

Explanation:

Given that,

Crane Company balance = $9,250

Balance of Hale company = $3,000

Balance of Janish company = $1,875

January 1 balance in the Valdez Company subsidiary account:

= Crane Company Accounts Payable control account + Hale Company balance + Janish Company balance

= $9,250 + $3,000 + $1,875

= $4,375

5 0
3 years ago
An effective team would never have ______. a. multiple long term goals b. a series of coordinated deadlines c. unclear definitio
Effectus [21]

An effective team would never have Unclear definitions of goals.

Option C is correct answer.

Unclear definitions of goals :

Unclear goals are part of the communication problem that continues to plague many workplaces, and were also cited as the number one cause of stress for tech workers in an earlier Comparably study. Employees who don't know what's expected of them can't perform their best work.

What happens when goals are unclear?

A lack of direction and unclear goals are among the largest reasons why projects fail. While it may be impossible to predict every outcome, taking time early on to define and communicate objectives and goals can radically increase the chance your team successfully completes a project.

Learn more about Unclear definitions of goals :

brainly.com/question/11399548

#SPJ4

4 0
1 year ago
Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont
Sphinxa [80]

Answer:

final loan amount = $18,455.86

so correct option is c. $18,455.86

Explanation:

given data

loan = $18000

rate =  10%

time = 3 months

to find out

total amount that Rahul owes the bank at the end of the loan

solution

we know that number of day in 3 months is

number of day = 3 × \frac{365}{12}

number of day = 91.25 days

loan rate = \frac{0.10}{365}

loan load = 0.00027397

now final loan amount will be

final loan amount = loan amount × (1+r)^{t}      

final loan amount = $18000  × (1+0.00027397)^{91.25}  

final loan amount = $18,455.86

so correct option is c. $18,455.86

7 0
3 years ago
Other questions:
  • Since your first​ birthday, your grandparents have been depositing $ 1 comma 000 into a savings account on every one of your bir
    5·1 answer
  • Conducting business on a global scale is a part of ________?
    8·1 answer
  • What is the main responsibility of the press secretary?
    14·2 answers
  • Grand Adventure Properties offers a 7 percent coupon bond with annual payments. The yield to maturity is 5.85 percent and the ma
    12·1 answer
  • The following selected transactions were completed during August between Summit Co. and Beartooth Co.: Aug. 1 Summit Co. sold me
    6·1 answer
  • What entrepreneurial activities do you know and capable of doing which are related to cookery
    15·1 answer
  • Read the scenario, and answer the question. You need to display the placement of three new function keys on a cell phone prototy
    7·1 answer
  • The Black Corporation has provided the following information: Net income $ 560,000 Increase in prepaid expenses 14,000 Amortizat
    8·1 answer
  • To participate in conservation efforts,
    15·1 answer
  • More abundant leisure increases ______, but it ______ real gdp.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!