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
Len [333]
3 years ago
5

Endor Company begins the year with $180,000 of goods in inventory. At year-end, the amount in inventory has increased to $197,00

0. Cost of goods sold for the year is $1,300,000. Compute Endor’s inventory turnover and days’ sales in inventory. Assume that there are 365 days in the year.
Business
1 answer:
Flauer [41]3 years ago
3 0

Answer:

6.896; 50.97

Explanation:

Average inventory = (Beginning inventory + Ending inventory) ÷ 2

                               = ($180,000 + $197,000) ÷ 2

                               = $188,500

Therefore,

Inventory Turnover ratio = (Cost of goods sold ÷ Average inventory)

                                         = $1,300,000 ÷ $188,500

                                        = 6.896

Days sales in inventory = 365 ÷ Inventory turnover ratio

Days sales in inventory= 365 ÷ 6.89

                                      = 50.97

You might be interested in
Jim wants to buy a car, but he’ll probably only need it for a couple of years. He has a short commute to work, so he won’t be pu
amm1812
Lease the car as it will not see many miles and is used in a specific time frame. should he need it longer he can buy out the lease at the end to owm the car.
8 0
3 years ago
When bill first started working at his new job, he began to disclose highly personal information to others almost immediately, o
love history [14]

The guideline for self disclosure that Bill was unaware of in the provided scenario is the consideration of appropriateness in which he wasn’t able to at least consider the feelings of his co-workers of whether his ways are appropriate or comfortable for them.

6 0
4 years ago
________is important if people from different departments are going to work together to produce better outcomes than they could
Alchen [17]

Answer:

collaboration

Explanation:

Collaboration is a term that describes a form of synergy which involves two or more individuals or groups operating together for the purpose of reaching a common goal of achieving mutual objectives.

Hence, COLLABORATION is important if people from different departments are going to work together to produce better outcomes than they could individually.

5 0
3 years ago
Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% return from
Tema [17]

Answer and Explanation:

The computation of the net present value is presented in the attachment below:

For project A, the net present value is $91,771.53 and for project B, the net present value is $79,390.69

It is computed after considering the discounting factor that comes from

= 1 ÷ (1 + discount rate)^number of years

for year 1, it is

= 1 ÷ (1 + 0.06)^1

The same applied for the remaining years

6 0
4 years ago
The cyclical deficit:________ A. is not affected by changes in actual income or potential income. B. rises as the economy expand
IceJOKER [234]

Answer:

B. rises as economy expands, falls as economy contracts.

Explanation:

Deficit is the excess of government expenditures over government revenues.

Cyclical Deficit is interconnected to the Business Cycle phases of : Expansion, Peak, Recession, Depression, Trough, Recovery.

During growth stages of Business Cycle: Expansion or Recovery - this deficit falls because; there is more economic/ business activity & so more taxes receipts for govt & less govt expenditure on social support transfer payments (eg subsidies) to support public.

During declining stages: Recession or Depression - this deficit rises because; there is less economic/ business activity & so less taxes receipts for govt & more govt expenditure on social support transfer payments (eg subsidies) to support public.

8 0
4 years ago
Other questions:
  • The cost structure of two firms competing in the same industry is represented by the following cost formulas: Company X = $2,276
    9·1 answer
  • Which countries have a mixed economic system?
    10·1 answer
  • When someone chooses to purchase one item over another because it is cheaper, this is known as the
    10·2 answers
  • Costs that can be eliminated in whole or in part if a particular business segment is discontinued are called:
    5·1 answer
  • A company that formerly produced software went out of business because too many potentialcustomers bought illegally-produced cop
    14·1 answer
  • Two economies are identical except that the level of capital per worker is higher in Highland than in Lowland. The production fu
    12·1 answer
  • Norwing LLC is looking to fill its chief executive officer position as its current CEO will soon be retiring. Norwing receives a
    7·1 answer
  • Lake City enacts an ordinance that bans the distribu-tion of all printed materials on city streets. Mackensie opposes the city's
    13·1 answer
  • A Saudi Arabian government-run hospital hired American Scott Nelson to be an engineer. The parties signed the employment agreeme
    12·1 answer
  • Why would domino’s and little caesar segment the market for pizza?.
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!