1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
saul85 [17]
3 years ago
15

Use the following information for Shafer Company to compute inventory turnover for year 2.

Business
1 answer:
lidiya [134]3 years ago
7 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Year 2 Year 1

Net sales $651,500 $583,700

Cost of goods sold 389,300 360,920

Ending inventory 78,500 80,180

To calculate the inventory turnover, we need to use the following formula:

Inventory turnover= Cost of goods sold/ average inventory

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= 158,680/2= 79,340

Inventory turnover= 389,300/79,340

Inventory turnover= 4.91

You might be interested in
What's the idea behind bitcoin and its exchange rates ? ​
Brums [2.3K]

Answer:

Explanation:

https://www.bitcoinsxchanger.com/zcash-to-webmoney.php  

Zcash to webmoney exchange digital coin for free is one of the best part of this site. Exchange your zcash and get big profit. We have millions of people that are exchanging their crypto coins with world's largest exchange market. Visit for more.

5 0
3 years ago
You just won the lottery and have two choices for how you will collect your money. You can collect $100,000 today or receive $20
patriot [66]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0
3 years ago
Customer retention is measured as the percentage of customers who return for more service. true false
seraphim [82]
Your answer is true! The root of the word "retention" is retain, so basically customer retention means retaining customers, which also means having them return. Hope I helped!
8 0
3 years ago
Lakeland, Inc. has 25,000 shares of 6%, $100 par value, noncumulative preferred stock and 50,000 shares of $1 par value common s
Maru [420]

Answer:

The common stockholders will receive a dividend of $100000 in 2015

Explanation:

The preferred stock is non cumulative which means that in case it does not pay dividends in a certain year, the dividends will no be accumulated and the company will not be obliged to pay these dividends in later year.

The per share preferred stock dividend for the company is = 100 * 0.06 = $6

The total dividends on preferred stock per year = 6 * 25000 = $150000

The common stockholders are paid dividends after the preferred stockholders are paid.

Thus, for 2015 the common stockholders will receive a dividend of,

Common stock dividend = 250000 - 150000 = $100000

8 0
3 years ago
Where should you keep your personal papers during driving your Uber shift
Savatey [412]
I would say hide it under your seat or between your seat. or your trunk
8 0
3 years ago
Other questions:
  • Your brother has asked you to help him to choose an investment. He has $6,000 to invest today for a period of two years. You ide
    11·1 answer
  • Which of the following is the most helpful to a firm in ensuring that its merchandise will be readily and efficiently available
    7·1 answer
  • According to the video, what are the two other most important ways banks make money?
    8·1 answer
  • You are working on creating a business document with two other coworkers. Based on just this information, which of the following
    5·2 answers
  • Which document establishes an initial record of the receipt of the inventory? petty cash voucher purchase order vendor's invoice
    14·1 answer
  • Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
    13·1 answer
  • The cost, in dollars, to produce x designer dog leashes is C ( x ) = 8 x + 3 , and the price-demand function, in dollars per lea
    12·1 answer
  • A project is chartered to determine new ways to extend the product life of one of the company's medium-producing products. The p
    5·1 answer
  • Complete the sentence with all of the accurate statements regarding the relationship between conscientiousness and job performan
    9·1 answer
  • If a central bank wants to counter the change in the price level caused by an adverse supply shock, it could change the money su
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!