At Hawkeye Security the basic security system for home use has a cost of $160, a replacement cost of $150, a net realizable valu
1 answer:
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Answer: 12
Explanation: The ratio of number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-
=
where,
cost of goods sold = beginning inventory + net purchase - ending inventory
= $50,000 + $460,000 - $30,000
= $ 480,000
average inventory =
=
= $40,000
so,
inventory turnover ratio =
= 12
Answer:
Ans. The amount of the check is $784
Explanation:
Hi, from the initial balance of $1,000, we have to substract the returned merchandise, which was $200, therefore, Long Company owes Hale Company, $800 if Long Company pays within day 11th to 30th of the day of purchase. Since Long Company plans to pay within the first 10 days from the date of purchase, they would be granted a 2% discount on their remaining balance, therefore, the amount that Long Company has to write the check for is:
It should look like this
So, Long would have to write a check for $784, that is if it pays within the first 10 days from the date of purchase.
Best of luck.