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SIZIF [17.4K]
3 years ago
8

Re-Up Enterprises has sales of $926,355, costs of goods sold of $613,500, inventory of $189,880, and accounts receivable of $78,

580. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?
Business
1 answer:
densk [106]3 years ago
6 0

Answer:

=112.785

Explanation:

Average days in inventory is financial ratio that shows the average number of days a company takes to turn its inventory.

The formula for calculating the average days in inventory is as below.

Days in inventory = Average inventory /cost of goods sold x 365

for Re-UP Enterprises: average inventory = $189,880

cost of goods sold =$613,500,

Days in inventory

= $189,880/613,000 x 365

=0.309 X 365

=112.785

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3 years ago
A monopolist sells 2,000 units for $20 each. The total cost of 2,000 units is $30,000. If the price falls to $19, the number of
leonid [27]

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Decrease by $1

Explanation:

Given:

Old data:

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8 0
3 years ago
Using the following end-of-year information, calculate the number of days' sales in receivables for Year 2.
victus00 [196]

Answer:

The number of days' sales in receivables for Year 2 is 48.7

Explanation:

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Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr
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Answer:

Cost per equivalent unit: $60

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7 0
3 years ago
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