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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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In a market with 1,000 identical firms, the short-run market supply is the
kompoz [17]

Answer: Option(a) is correct.

Explanation:

Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.

In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.

Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.

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3 years ago
Universal Containers email policy requires that all email traffic remain within its firewall. Currently, the company has 200 sup
allsm [11]

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Email to case

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Email to case is an innovative platform that allows a company keep all emails within their network firewall.

It allows receipt of emails larger than 25mb from customers.

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This will be a good solution for Universal Containers as it solves the problem of having emails within its firewall, and provides a way for the 200 support agents resolve customer challenges through cases generated.

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3 years ago
In late December you decide, for tax purposes, to sell a losing position that you hold in Twitter, which is listed on the NYSE,
Mariana [72]

Answer:

4

Explanation:

7 0
3 years ago
An organization that has a selection process that focuses on hiring team players and employs a competitive merit pay performance
KATRIN_1 [288]

Answer:

The answer would be FALSE

Explanation:

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3 0
3 years ago
Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deduction
frutty [35]

The net pay of Marilyn will increase by $18.15 due to the increase in the federal withholding allowances from 3 to 4.

<h3>The computation of net pay considering various federal withholding allowances</h3>

Given,

Gross pay =$810

3 Federal withholding allowances =$37 (taken from the reference table)

4 Federal withholding allowances =$22 (taken from the reference table)

Federal state tax rate =21%

First, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:

\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$37\times21\%\\&=\$7.77\end{aligned}

\begin{aligned}\text{Total Amount of 3 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$37+\$7.77\\&=\$44.77\end{aligned}

Now, the state tax rate and the total amount of withholding for 4 Federal withholding allowances are computed:

\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$22\times21\%\\&=\$4.62\end{aligned}

\begin{aligned}\text{Total Amount of 4 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$22+\$4.62\\&=\$26.62\end{aligned}

The difference in the net pay will be the difference between $44.77 and $26.62, which is $18.15.

Therefore, Marilyn withholding will decrease from $44.77 to $26.62 that is increasing the net pay by $18.15

Learn more about federal-state tax, refer to the link:

brainly.com/question/25828729

7 0
2 years ago
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