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TiliK225 [7]
3 years ago
15

Nico Corporation has cost of goods sold of $300,000 and inventory of $30,000, then the inventory turnover is ________ and the av

erage age of inventory is ________.
10; 36.536.5; 1030; 36.036.0; 10
Business
1 answer:
Xelga [282]3 years ago
7 0

Answer:

Invnetory TurnOver   10

Average inventory   36.5

Explanation:

\frac{COGS}{Inventory} = $TO Inventory\\

300,000 / 30,000 = 10

The company sales his inventory 10 times per year

In some cases, we are given with a beginning and ending inventory.

For those, we calculate the average inventory:

(beginning + ending)/2

\frac{365}{Inventory \: TO} =$average age

365/10 = 36.5

The average the inventory age is 36.5 days

365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.

we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.

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Compute cost of goods sold using the following information: Finished goods inventory, beginning $ 540 Cost of goods manufactured
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un u get the numbers then subtract them and come good with the answer

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3 years ago
Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Ashton Company prepared the following
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Answer:

1.  73 %

2. 27 %

3. $60,000

4. Ways to increase projected operating income without increasing total sales revenue :

  1. Reduce the variable costs per unit
  2. Reduce fixed overheads

Explanation:

Contribution Margin Ratio = Contribution / Sales × 100

Where,

Contribution = Sales - Variable Costs

                     = $88,000 - $23,760

                     = $64,240

Then,

Contribution Margin Ratio = $64,240/ $88,000 × 100

                                           = 73 %

Variable Cost Ratio = Variable Cost / Sales × 100

                                = $23,760 / $88,000 × 100

                                = 27 %

Break-even sales revenue = Fixed Costs ÷  Contribution Margin Ratio

                                            = $43,800 ÷ 0.73

                                            = $60,000

<u>Ways to increase projected operating income without increasing total sales revenue :</u>

  1. Reduce the variable costs per unit
  2. Reduce fixed overheads
7 0
3 years ago
Two months ago, Air-tite Corporation purchased 4,500 pounds of Hydrol, paying $15,300. The demand for this product has been very
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Answer: The $4.05 market price

Explanation: Air-tite can buy or sell Hydrol at $4.05. If they decide to accept the order, there has to be a higher return on the use of Hydrol in the return than they would get from selling Hydrol as is.

There may also be an opportunity cost to using the product for this special order if there is an order that would yield higher returns for the use of Hydrol.

The quantity that would remain after making the special order does not have any impact on the decision making process, as they are considering just one order that requires Hydrol.

The purchase price is not relevant as they cannot purchase Hydrol at that price in the present. The total quantity is not relevant either as they have enough for the order.

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A total of 1000 residents in minnesota were asked which season they preferred
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They all said winter.
Hope this helps!
7 0
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An ecosystem generally requires solar energy, nutrients, decomposers, consumers and?
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An ecosystem generally requires solar energy, nutrients, decomposers, consumers and producers.

An ecosystem is a community or group of living organisms that live in together and interact with each other in a specific environment. Ecosystems are considered as the foundation of Biosphere which maintains the natural balance of the earth.

An ecosystem requires nutrients, decomposers, consumers and producers. For instance, let's take the relationship between deer and lion in the ecosystem. So, for its survival, the lion eats the deer. Thus, each relationship like this has an effect on other creatures and plants living in the same environment.

Hence, the structure of an ecosystem is related to its species diversity.

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