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3 years ago

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

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IrinaVladis [17]

Answer:

$900,000

Explanation:

The computation of the total amount excluding cash is shown below:

But before that following calculations need to be done

% completion during the year is

= $3,000,000 ÷ ($3,000,000 + $6,000,000)

= 33.3333%

Now Total revenue to be recognized for the year is

= $12,000,000 × 33.33333%

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Profit for the year is

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Now Accounts receivables at the end of year is

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= $400,000 + $500,000

= $900,000

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3 years ago

What is the name for the common currency of Europe?

Alika [10]

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3 years ago

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A one-year call option contract on Cheesy Poofs Co. stock sells for $1,330. In one year, the stock will be worth $65 or $86 per

givi [52]

Answer:

$98.02

Explanation:

Data provided in the question:

Value of contract = $1,330

Maximum value = $86

Minimum value = $65

Exercise price = $78

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Now,

Current value of stock = $(\frac{\text{Maximum value-Minimum value}}{\text{Maximum value-Exercise price}}\times\text{Call price})+(\frac{\text{Maximum value }}{\text{1+Risk-free rate}})$

also,

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3 years ago

Your team leader puts a suggestion box in the break room. At team meetings, he lists all the reasons why the suggestions can't b

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3 years ago

The three goals of sustainable development that include economic, environmental, and ethical sustainability are referred to as t

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Answer:

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