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WINSTONCH [101]
3 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]3 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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3 years ago
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8 0
1 year ago
Should a company alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the compa
nalin [4]
NO. The company should not <span>alter its marketing campaigns to reflect biases that might be prevalent in various countries in which the company does business. Especially if the alteration made is against company polity and ethics. 

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8 0
3 years ago
How do you start an organization? ​
Zielflug [23.3K]

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2. Decide the name you want to use to advertise your business.

3. Register company name with the state, county and the federal if applicable.

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5. Open a bank account

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4. Open a bank account

5. Delegate duties what you have mentioned in the article you submitted to the Internal Revenue Service.

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3 years ago
A decrease in economic activity and the subsequent cutbacks in production that results in employees being laid off leads to
Elena L [17]
In cases where an organization decrease it economic activity and have major cutbacks, it is expected that employees will be laid off. Laying off may lead to an increase of unemployment rate in a certain country in which it will have bigger scale of effects in taxes, bills to pay and as especially if they have families or dependents.
6 0
3 years ago
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