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
IRISSAK [1]
4 years ago
10

The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;

beginning inventory $160,000; ending inventory $240,000; and gross profit $600,000. Inventory turnover is 6 times per year. What is Wilkens' days in inventory for 2017?
Business
1 answer:
andriy [413]4 years ago
7 0

Answer:

Wilkens' days in inventory for 2017 = 60.833

Explanation:

Given:

Sales = $1,800,000

Beginning inventory = $160,000

Ending inventory = $240,000

Gross profit = $600,000

Inventory turnover = 6 times

Wilkens' days in inventory for 2017 = ?

Computation of Wilkens' days in inventory for 2017:

Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover

Wilkens' days in inventory for 2017 = 365 / 6 times

Wilkens' days in inventory for 2017 = 60.833

You might be interested in
DRM is a collection of techniques that control uses of intellectual property in digital formats and includes hardware and softwa
jolli1 [7]

Answer:

Option b: Digital Rights Management

Explanation:

Digital Rights Management (DRM) are simply set of technologies that powers or control the access and use of digital works. Usually, the technology is in form of some sort of digital code. It is the application of control technologies to reduce digital media usage.

4 0
3 years ago
When solar panels became popular in the market, Dabbanth, a company that manufactures and sells kitchenware, developed container
PtichkaEL [24]

Answer: Technological component.

Explanation:

In the question, Solar panels are widely accepted by the consumers in the market, therefore it is an important technological component, that influences buyers behavior.

Dabbanth company is aware of the wide customers acceptance of the solar panels, therefore they incorporate it into most of the kitchenwares they produce to draw buyers attention to their product.

6 0
3 years ago
If you are holding a premium bond, you must expect a ________ each year until maturity. If you are holding a discount bond, you
professor190 [17]
B capital gain capital gain
4 0
3 years ago
It is obvious that an error occurred in the preparation and/or posting of closing entries if: Multiple Choice the Retained earni
Contact [7]

There are different ways to make entry in a balance sheet. It is obvious that an error occurred in the preparation and/or posting of closing entries, if all balance sheet accounts have zero balances.

<h3>Should a balance sheet always have a zero balance?</h3>

Note that the sum of a company assets, liabilities and equity must always balance to zero.

For one to be able to have or generate a balance sheet report that is not equal zero, the balance sheet is said to be out of balance and this may create  an error in the ledger transactions.

Learn more about balance sheet accounts from

brainly.com/question/1113933

7 0
2 years ago
Cost reduction is still the number one priority for many supply chain executives, according to the MHI and Deloitte survey. Sele
zhenek [66]

Answer:

MHI and Deloitte Survey

Cost Reduction #1 Priority

True

Explanation:

For supply chain companies to achieve their profit targets, they need to curtail costs.  Consumers are not ready to absorb much costs as they are presented with low-priced alternatives.  The competition for customers among supply chain organizations is very high.  Everyone competes for the dollar the consumer is willing to spend on goods.  With property and advertising costs skyrocketing, careful management of the cost structure is required.

7 0
3 years ago
Other questions:
  • A 4-year project has an annual operating cash flow of $54,000. At the beginning of the project, $4,500 in net working capital wa
    5·1 answer
  • Desai and Lucy divorced in 2018. Lucy has custody of their child, Andrea, and under the divorce decree Desai pays Lucy $120,000
    14·1 answer
  • A study finds that during​ blizzards, online sales are highly associated with the number of snow plows on the​ road; the more​ p
    8·1 answer
  • Is the proposed action legal? if yes, does the proposed action maximize shareholder value? if yes, is the proposed action ethica
    10·1 answer
  • You are reading a ______________ that outlines your company's long-term goals and direction. These goals include "Reduce energy
    11·1 answer
  • Gleam Clean cleans and waxes floors for commercial customers. The company is presently operating at less than capacity with equi
    13·1 answer
  • Productivity at the Michigan branch of Brite Paper Manufacturing has decreased significantly over the last twelve months. Aiden,
    7·1 answer
  • Whats your favorite team?
    15·2 answers
  • Classify each job as working more with data, people, or things.
    15·1 answer
  • To say that a market segment is measureable means that the segment's ________ can be measured.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!