Answer:
Days in inventory is 66 days
Explanation:
The formula for days in inventory is 365 days/inventory turnover while inventory turnover is costs of good sold divided by average inventory.
costs of goods sold is $550,000
average inventory is ($90,000+$110,000)/2=$100,000
inventory turnover =$550,000/$100000
inventory turnover =5.5 times
The days in inventory can then be computed thus:
days in inventory=365 days/5.5=66.36 days
The days in inventory is the average number of days that it took inventory to be sold and it is approximately 66 days in this instance
Investment bank.......................................................
Answer:
is the practice of posting a discrete schedule of declining prices for different ranges of quantities
Explanation:
In the case of the second degree price discrimination, the firm should chares the different kinds of the prices as per the quantity demanded i.e. if the large quantities are ordered so it should be charged at the less price and if the small quantities are ordered so it should be charged at the high prices. The motive behind this is to motivate the bulk sales that means when the buyer purchased the products in bulk so he will get the high discounts
Therefore the third option is correct
Answer:
b) $500 is recognized in year 1 and $8,500 in year 2.
Explanation:
The calculation is shown below:
Since the payment is received for 18 months of $9,000
So for one month, the payment is
= $9,000 ÷ 18 months
= $500
This $500 should be recognized in year 1 and the remaining amount i.e
= $9,000 - $500
= $8,500
This $8,500 should be recognized in year 2
Hence, b option is correct
The answer is, B<span>. Online attorneys who offer 24/7 Web site service </span>