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natali 33 [55]
3 years ago
11

Financial statement data at December 31 for Ecco Company are as follows: Cost of goods sold $552,500 Inventories: Beginning of y

ear 200,000 End of year 140,000 Determine the number of days' sales in inventory for the year. a.92.5 days b.112.3 days c.39.6 days d.132.1 days
Business
1 answer:
nikitadnepr [17]3 years ago
7 0

Answer:

b.112.3 days

Explanation:

The computation of the number of days' sales in inventory for the year is shown below:

Day inventory outstanding = {(Beginning inventory + ending inventory) ÷ 2}÷ cost of goods sold × number of days in a year

= {($200,000 + $140,000) ÷ 2} ÷ ($552,500) × 365 days

= ($170,000)  ÷ ($552,500) × 365 days

= 112.3 days

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Thepotemich [5.8K]

Urban-based industrial and service economies constitutes a larger share of GNI for most international locations in the region.

<h3>Which world areas has the greatest attention of low earnings countries?</h3>

Low-income economies are exceptionally observed in Asia and Africa, the place most of the world's populace lives (World Bank 2011).

<h3>Is GNP and GNI same?</h3>

GNP deducts the phase that leaves the country and offers a more significant indicator of the Irish economy. Gross National Income (GNI) is a comparable measure to Gross National Product. The distinction between them are the subsidies the European Union (EU) pay to us, and the taxes we pay to them.

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8 0
2 years ago
the output of a process is valued at $110 per unit. the cost of labour is $50 per hour including benefits
yaroslaw [1]

Based on the labor cost, and output of the process, the multifactor productivity for the week is 3.06.

<h3>What is the multifactor productivity for Week 1?</h3>

This can be found by the formula:

= Cost in week 1 / Value of output in week 1

Cost in week 1:

= Labor + Material + Overheads

= 12,195 + 21,392 + 8,546

= $42,133

Value of product:

= 110 x 1,173 units

= $129,030

Multifactor productivity is:

= 129,030 / 42,133

= 3.06

Find out more on multifactor productivity at brainly.com/question/17550779.

5 0
3 years ago
Today's public relations departments:
devlian [24]

Answer:

a. are more actively listening to customers and helping to solve their problems.

Explanation:

The purpose of public relations is to educate and eventually convince the public, potential clients, investors, etc, to maintain a positive impact or favorable opinion of the company.

Therefore, Public relations is the most effective way to interact with customers, listening to them, and solve their queries so that company can gain their trust by fulfilling their needs within the prescribed time.

7 0
3 years ago
Many people in Rhenasia are spending less as there are only few good-paying jobs in the country. Many businesses in the country
scZoUnD [109]

Answer: Economy of the country.

Explanation:

The environmental characteristics affecting businesses in Rhenasia is the negative economy of the country. The country of Rhenasia is facing a recession in their economy, this has directly led to a drop in sale of businesses across the country.

4 0
3 years ago
Suppose Hank and Tony can both produce corn. If Hank's opportunity cost of producing a bushel of corn is 2 bushels of soybeans a
Alex787 [66]

Answer:

The correct answer is option a.

Explanation:

Comparative advantage refers to the situation where an individual, firm, or nation can produce a good at a comparatively lower opportunity cost.  

It is given here that,

Hank's opportunity cost of producing a bushel of corn = 2 bushels of soybeans  

And,

Tony's opportunity cost of producing a bushel of corn = 3 bushels of soybeans

We see that Hank has a lower opportunity costs in the production of corn. So we can say Hank has a comparative advantage in the production of corn. Or in other words, Hank specializes in the production of corn.

7 0
3 years ago
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