The major purpose of using "listening strategies" when students express a problem is to__________

The following information is available for Splish Brothers Inc. for three recent fiscal years. 2022 2021 2020Inventory $580,000

Tomtit [17]

Answer:

In 2021:

Inventory Turnover for 2021: 2.7 times

Days in inventory: 135.19 days

Gross Profit Rate: 29.8%

In 2022:

Inventory Turnover for 2022: 2.5 times

Days in inventory: 146 days

Gross Profit Rate: 25%

Explanation:

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Average Inventory

Average Inventory = (Inventory beginning of year + Inventory end of year )/2

In the company:

Average Inventory for 2021 = ($590,000 + $320,000)/2 = $455,000

Average Inventory for 2022 = ($580,000 + $590,000)/2 = $585,000

In 2021:

Inventory Turnover for 2021 = $1,228,500/$455,000 = 2.7 times

Days in inventory = 365/Inventory Turnover = 365/2.7 = 135.19 days

Gross Profit Rate = Gross profit/net sales = (Net Sales - Cost of goods sold)/Net Sales = ($1,750,000 - $1,228,500)/$1,750,000 = 0.298 = 29.8%

In 2022:

Inventory Turnover for 2022 = $1,462,500/$585,000 = 2.5 times

Days in inventory = 365/Inventory Turnover = 365/2.5 = 146 days

Gross Profit Rate = Gross profit/net sales = (Net Sales - Cost of goods sold)/Net Sales = ($1,950,000 - $1,462,500)/$1,950,000 = 0.25 = 25%

7 0

3 years ago

is the area of business that deals with how a company conducts its business and implements controls to ensure proper procedures

stira [4]

The area of business that deals with how a company conducts its business and implements controls to ensure proper procedures and ethical behavior is corporate governance.

<h3>What is corporate governance?</h3>

It should be noted that corporate governance simply means the system through which companies are controlled and directed.

The board of directors of an organization should hold regular meetings, maintain control over the company, and have clearly defined roles as a result of good corporate governance. Additionally, a strong risk management system is ensured. One of the cornerstones of any successful firm is excellent corporate governance.

In this case, it's important for companies to engage in ethical procedures

Therefore, the correct option is corporate governance.

Learn more about corporate governance on;

brainly.com/question/13503182

#SPJ1

3 0

2 years ago

Oscar has negotiated a lease for his sporting goods store in which he is required to pay $2,500 per month in rent. Oscar pays hi

AfilCa [17]

Answer:

The Oscar's fixed costs per month is $2,500

Explanation:

Fixed cost: The fixed cost is that cost in which the amount is remain fixed whether production level change or not, that means it does not have any effect on the production level.

In the given question,

Monthly rent is $2,500 which is fixed so, it would be considered as fixed cost

The per hour pay and electrical bill depend upon the total hours of operation which means if the more hours, the workers are engaged so more pay will be give to them, and more electricity bill come.

And if they are working few hours, than less rate and less electrical bill will be there which reflects the variable cost. So, these cost are considered variable cost. Thu, it would not be included in the fixed cost.

Hence, Oscar's fixed costs per month is $2,500

6 0

3 years ago

Calculate the cost of goods manufactured using the following information: Direct materials used $ 298,700 Direct labor used 132,

Citrus2011 [14]

Answer:$687,700

Explanation:

$

Direct Materials 298,700

Add: Direct Labour 132,200

--------------

Prime Cost 430,900

Factory Overhead 264,200

Add: Opening WIP 118,700

Less: Closing WIP 126,100

--------------

256,800

--------------

Cost of Good Manufacture 687,700

----------------

8 0

3 years ago

A firm must know where to position its product based on price and ________. promotional efforts communication quality region

bearhunter [10]

A firm must know where to position its product based on price and region quality in order to communicate promotional effects. Therefore, your final answer to this question is promotional effects.

7 0

3 years ago

The major purpose of using "listening strategies" when students express a problem is to___________.