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mote1985 [20]
3 years ago
5

How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory bal

ance to determine the:a. Price earnings ratio.b. Accounts receivable turnover.c. Current ratio.d. Inventory turnover.e. Days' sales uncollected.
Business
1 answer:
lisabon 2012 [21]3 years ago
5 0

Answer:

d. Inventory turnover

Explanation:

The formula to compute the inventory turnover is shown below:

= Cost of goods sold ÷ average inventory

where,  

Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2

The inventory turnover should always be expressed in times

Hence, the most appropriate option is d.

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Answer:

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6 0
3 years ago
cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t
Vikentia [17]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

Payback period is

= Cost of a Machine ÷ Annual cash flow

where,

Cost of a machine = $24,000

And, the annual cash flow is

= Net Income + Depreciation  expense

= $2,000 + $4,000

= $6,000

Now placing these values to the above formula

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= 4 years

7 0
2 years ago
The March 1 inventory of finished units at the Kay Company is 5,000. During March the company plans to sell 40,000 units and des
nordsb [41]

Answer:

C. 45,000 units

Explanation:

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10,000

Add:

Sales units

40,000

Total units

50,000

Less:

Inventory of finished units March 1

(5,000)

Balance

45,000

Therefore, the number of units that the company should plan on producing in March is 45,000 units

5 0
3 years ago
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MAXImum [283]

Answer:

Trade salesperson.

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2 years ago
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Alisiya [41]
Kosi will be counted as an unemployed because even though he is willing and able to work, he was out of employment due to a reason beyond his control.
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