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WINSTONCH [101]
2 years ago
10

WaterwayCorporation had net credit sales of $13100000 and cost of goods sold of $9070000 for the year. The average inventory for

the year amounted to $1814000. The inventory turnover for the year is _________.
Business
1 answer:
brilliants [131]2 years ago
8 0

Answer:

The inventory turnover for the period is 5

Explanation:

Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.

The formula for computing the inventory turnover is as:

Inventory turnover = Cost of goods sold / Average inventory

where

Cost of goods sold (COGS) = $9,070,000

Average inventory = $1,814,000

Putting the values above:

Inventory turnover = $9,070,000 / $1,814,000

Inventory turnover = 5

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He table below shows the number of male and female students enrolled in nursing at a particular university for a recent semester
Serga [27]
     ​(a) the probability that a randomly selected student is​ male, given that the student is a nursing major.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  nursing Majors ---------------------98</span>

 P=98/839=0.1168=11.68%

  (b) the probability that a randomly selected student is a nursing​ major, given that the student is male.

 total nursing Majors  (male+female)--------98+741=839

<span>Total males  --------------------------------------1151</span>

 P=98/1151=0.0851=8.51%

5 0
2 years ago
All of the following are considered equipment for a business EXCEPT:
rewona [7]
When you say equipment meaning, it can be something that can help you boost your performance in doing something related to work. Thus in the given choices, building is not an example of equipment. Devices, machines and tools are the so-called equipment that is very helpful for the employee.
4 0
3 years ago
Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting informa
defon

Answer:

$28,675 = direct materials used

Explanation:

<u>To calculate the direct material used, we need to use the following formula:</u>

Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750

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$28,675 = direct materials used

3 0
2 years ago
Next year's pro forma statement is based on an annual increase in sales of four percent. The firm is currently operating at 85 p
ELEN [110]

Answer: a) total assets will increase by less than four percent

Explanation:

Since the tax rate and the dividend payout ratio are fixed, and you have net working capital and all costs varying directly with sales, the total assets will increase by a value that is less than the annual increase in sales.

7 0
3 years ago
The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the
Troyanec [42]

Answer:

No of units                6,000            7,500       10,000  

Total fixed cost              $12,000.00   $12,000.00   $12,000.00  

Total variable cost         $9,000.00     $11,250.00   $15,000.00  

Total cost                 $21,000.00   $23,250.00   $27,000.00  

Fixed cost per pizza  $2.00                $1.60   $1.20  

Variable cost per pizza  $1.50                 $1.50   $1.50  

Average cost per pizza  $3.50                $3.10   $2.70  

3 0
3 years ago
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