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
Arisa [49]
4 years ago
12

Sparks Fireworks manufactures and sells fireworks. Their raw materials used is $71,500. Their beginning raw materials inventory

was $5,000 and their ending raw materials inventory was $6,000. Sparks' raw materials inventory turnover is :
Business
1 answer:
algol134 years ago
7 0

Answer:

The correct answer would be, $70500

Explanation:

Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:

Beginning Raw Material Inventory: $5000

Raw Material Used:                $71500

Ending Raw Material Inventory:    $6000

Raw Material Inventory Turnover:

Beginning Inventory + Raw Material Used - Ending Raw Material

= 5000+71500-6000= $70500

You might be interested in
The following information was drawn from the annual reports of two companies.
Semenov [28]

Answer:

The answer is D.

Explanation:

Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.

Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100

In the question, gross profit for company A is $400 and sales is $1000

Therefore, gross profit percentage is 400/1000 x 100

=40%

5 0
3 years ago
Listed below are costs found in various organizations:
I am Lyosha [343]

Answer:

Answer sheet required more space then was available so I attached it as a picture.

4 0
3 years ago
Roberta santos, age 41, is single and lives at 120 sanborne avenue, springfield, il 60781. Her social security number is 123-45-
viktelen [127]

The divorce decree provides that roberta is to pay state income tax.

<h3>What is state income tax?</h3>

In addition to the federal income tax collected by the United States, the majority of individual states in the United States collect a state income tax. Some municipal governments also levy an income tax, which is frequently based on state income tax calculations. Individual income taxes are levied in 42 states and many localities around the United States.

The federal government collects federal income taxes, whereas individual states collect state income taxes where a taxpayer lives and generates income.

A state income tax is a direct tax imposed by a state on income produced within or outside of the jurisdiction. It may mean all of your money earned anywhere in your state of residence. Like federal tax, state income tax is self-assessed, which means taxpayers file required state tax returns

To know more about state income tax follow the link:

brainly.com/question/1775528

#SPJ4

5 0
1 year ago
Which of the following is not a valid FICO credit score?
Rus_ich [418]

Answer:

A. 900

Explanation:

FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.

Basically, your FICO depends most on the amounts you owe and your payment history.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.

In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.

5 0
3 years ago
A company's code of ethics or code of business conduct describes how the leaders must behave, not the employees.
GaryK [48]
FALSE. A company's code of ethics or code of business conduct describes how the leaders must behave, not the employees.
5 0
4 years ago
Other questions:
  • Wesley is a manager in an organization where a great deal of interaction is required between himself and his workers and new pro
    6·1 answer
  • Don’s Fashions is noticing a downward trend in sales. The company has been reaching out using social media to connect with custo
    12·1 answer
  • What does a formula do in a spreadsheet program? Apex
    10·2 answers
  • Few restaurant management students opt for ____________________management, believing it lacks the variety, glamour and opportuni
    5·1 answer
  • trade restrictionsa. reduce the gains from trade for the country as a wholeb. increase the gains from trade for poor countriesc.
    9·1 answer
  • An organization that collects and distributes money to candidates is known as a(n)_______.
    13·1 answer
  • Hi welcome to D.A.B.S aka Da Amazing Bunker Sim
    6·2 answers
  • Juniper Company, Inc. uses a perpetual inventory system. The company purchased $9,750 of merchandise on August 7 with terms 1/10
    10·1 answer
  • How does the decline of industry contribute to budget deficits?
    13·1 answer
  • Proof-of-Blank______ is a requirement to define an expensive computer calculation, also called mining, that needs to be performe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!