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
Nina [5.8K]
3 years ago
14

Turnbull Department Store had net credit sales of $18,000,000 and cost of goods sold of $15,000,000 for the year. The average in

ventory for the year amounted to $2,500,000. Inventory turnover for the year is
a.365 days.
b.48.7 days
c.46 days
d.30 days
Business
2 answers:
frez [133]3 years ago
5 0

Answer:

Inventory turnover period = 60.8 days

Explanation:

<em>The inventory turnover period also known as the inventory days is the average length of time it takes  business to sell its stocks and replace same. The shorter the better as it indicates a high patronage from  customers.</em>

It is calculated as follows:

Inventory turnover = (Average inventory / cost of goods ) × 365 days

                              = (2,500,000/15,000,000)× 365 days

                              = 60.83 days

ladessa [460]3 years ago
3 0

Answer:

The correct answer is 60.8 days

Explanation:

The formula for computing inventory rate is given as (Cost of Goods Sold/Average Inventory)

average inventory is $2,500,000

cost of goods sold is $15,000,000

inventory turnover  rate=($15,000,000/$2,500,000)

                                =6

Inventory turnover ratio=365/inventory turnover rate

inventory turnover ration=365/6

                                         =60.8 days

None of the options is correct

You might be interested in
Imagine yourself as a business owner just before an economic event such as a recession or depression. What impact would a sudden
liberstina [14]

An economic depression is when the price of the goods in the market is decreasing. Your income will be less as the prices of the goods are low

8 0
3 years ago
Read 2 more answers
Suppose the demand function​ (D) for golf clubs​ is: Qequals150minus1.00​P, where P is the price paid by consumers in dollars pe
nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

(D): Q=150-1.00P\\(S): Q=1.00P\\

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75

The number of units sold at that price is:

n=1,000*(1.00*75)\\n=75,000\ units

8 0
3 years ago
At GetHelp Inc., after customer service representatives complete training, their phone calls are monitored to determine if they
Ahat [919]

Answer:

This evaluation best exemplifies a "behavior-level" measure.

Explanation:

Donald Kirkpatrick proposed a Four-level training evaluation model for evaluating the impact of training on employees.

The four levels are; Reaction, Learning, Behavior and Results.

The behavior level of Kirkpatrick's model is the third stage and it comes after employees have undergone learning/training. At this stage, the behavior is measured through monitoring and observation to determine if they are implementing what they have learnt.

This gives some insight into how effective the training was.

Therefore GetHelp Inc. by monitoring the phone calls of their customer service representatives are carrying out a "behavior-level" measure.

6 0
3 years ago
Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, an
Basile [38]

Answer:

7

Explanation:

because

8 0
3 years ago
If a worksite includes more than one set of management and workers, who should have access to the information, training, and con
VashaNatasha [74]

Answer:

Every worker and manager per set of management within the worksite

Explanation:

In such a situation, all workers and managers should have access to the information, training, and controls needed to avoid workplace accidents. Since the possibility of one occurring is a common risk to all, being appropriately trained on right precautions and procedures is important to both managers and employees. They will know how to administer first aid and even perform CPR at workplace.

7 0
3 years ago
Other questions:
  • During 2017, the gateway city government recorded a $15,000 transfer from the general fund to an internal service fund; a $25,00
    5·1 answer
  • Which of the following is indicative of a short-term restrictive financial policy? a) purchasing inventory only as needed b) gra
    15·2 answers
  • a decline in discpsable incomeAssume a machine that has a useful life of only one year costs $2,000. Assume also that net of suc
    14·1 answer
  • Eugene Torres works in a shared role for Multi Glass Computers. He works in both the programming and the research departments fo
    6·1 answer
  • If you had $1,000 to invest into the following funds, which one would have the highest value (not including any fees) at the end
    6·1 answer
  • YO GUYS mator12 IS A BIG BABY
    14·1 answer
  • MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a depart
    13·1 answer
  • Information you might study in a particular class is called (blank)
    5·2 answers
  • If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory
    9·1 answer
  • When a company uses computer software to extract large amounts of data from social media platforms, it is using ______
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!