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sveticcg [70]
3 years ago
10

Tater and Pepper Corp. reported sales for 2018 of $43 million. Tater and Pepper listed $7.6 million of inventory on its balance

sheet. How many days did Tater and Pepper’s inventory stay on the premises?
Business
1 answer:
Montano1993 [528]3 years ago
8 0

Answer:

Days in sales inventory= 64.511 days

Explanation:

Inventory turnover rate is defined as the number of times a company sells its inventory within a give period usually a year. The higher the number of turnovers the higher sales volume and profit.

Days inventory stayed on premisses is the total number of days in a year where the inventory remained on the premises without being sold.

To calculate the number of days Tater and Pepper’s inventory stay on the premises we use the formula

Days sales in inventory= (value of inventory)/(sales)*365

Days sales in inventory= (7.6 million/43 million)*365

Days in sales inventory= 64.511 days

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3 0
4 years ago
When is a wrecker considered to be an emergency vehicle
RoseWind [281]

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4 0
3 years ago
Read 2 more answers
Which type of currency was not used in the united states during its early years?
SVETLANKA909090 [29]
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6 0
4 years ago
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Lunchco Inc. produces picnic tables in a two-step process. Pretreated wood is cut in the Cutting Department and then the lumber
babunello [35]

Answer: company’s direct labor budget = $320000

Explanation:

Given that,

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Standard hourly rate in the Assembly Department = $10

Lunchco’s production budget = 20,000

Cutting Department =  production budget × direct labor time × Standard hourly labor rate

= 20000 × 0.5 hours/unit × $12/unit

= $120000

Assembly Department = production budget × Tables take one hour to assemble  × Standard hourly labor rate

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= $200000

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\

Explanation:

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