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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.

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At one point, Kodak had 90% of the film market, and 85% of the camera market in the United States. It was almost a monopoly. Iro
adoni [48]

Answer: Strategy and rivalry

Explanation:

Porter's Diamond Theory of National Competitive Advantage intends to explain to companies how they can gain a competitive advantage in an industry.

Under the Strategy and Rivalry section, it is shown that a company tends to benefit more when it has strong domestic competitions because it can then develop efficient strategies to help it compete in this domestic market and thus survive this competition.

These strategies learnt, can then be implemented on the global stage when the company attempts to become a multinational firm. Kodak as a virtual monopoly in the US market, did not have to worry about competition and so did not develop the strategies that would enable them compete with other companies outside the US when they tried to break into the markets of other countries.

7 0
3 years ago
Marigold Corp. has beginning work in process inventory of $164000 and total manufacturing costs of $286000. If cost of goods man
vaieri [72.5K]

Answer:

X = $190000

Explanation:

given data:

cost of manufactured goods =$260000

total manufacturing cost = $286000

process inventory in beginning = $164000

ending inventory process {X} is calculated as

cost of manufactured goods = - X +total manufacturing cost +process inventory in beginning

Putting all value to get required ending process inventory

$260000 = -X + $286000+$164000

X = $190000

6 0
3 years ago
When this market is in equilibrium, price is $ $6 and quantity bought and sold is 300 units. In equilibrium, consumer surplus is
Gnom [1K]

Answer: hello your question is incomplete attached below is the missing information

Answer :

$900

$600

<u>Given the new price of $4 by Government </u>

quantity demanded = 400 units

quantity supplied = 150 units

quantity bought and sold = 150 units

  • $975
  • $150
  • $375

Explanation:

Consumer surplus ( area below demand curve and above $300  

= Area of triangle = 0.5 * base * height

= 0.5 * 300 ( 12 - 6 )  = $900

producer surplus ( area above supply curve and below $300

=  Area of the triangle = 0.5 * 300 ( 6-2 ) = $600

<u>Given the new price of $4 by Government </u>

quantity demanded = 400 units

quantity supplied = 150 units

quantity bought and sold = 150 units

Consumer surplus ( area of triangle + area of rectangle )

= 0.5 * 150 * ( 12-9 )+ L*B

= 0.5 * 150 * ( 3 ) + 150 * ( 9 - 4 )  = $975

producer surplus ( Area of triangle )

= 0.5 * 150 * (4-2) = $150

deadweight loss ( area of triangle )

= 0.5 * ( 300 - 150 ) ( 9-4 )

= $375

6 0
2 years ago
The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of decl
Liula [17]

The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.
 
The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>
3 0
3 years ago
Communication skills are unimportant in today’s technologically advanced world. Please select the best answer from the choices p
Valentin [98]

Answer:

false

Explanation:

even with technology you still need to know how to communicate properly.

5 0
3 years ago
Read 2 more answers
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