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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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The total utility from consuming five donuts is 9, 19, 30, 38, and 45 utils, respectively. Marginal utility begins to diminish a
Sonja [21]

Answer:

third

Explanation:

The utility for consuming the first donut is 9 utils.

The utility for consuming the second donut is the difference from the total utility for the first two and just the first donut.

U_2 = 19-9 = 10\ utils

The utility for consuming the third donut is the difference from the total utility for the first three and just the first two donuts.

U_3 = 30-19 =11\ utils

The utility for consuming the fourth donut is the difference from the total utility for the first four and just the first three donuts.

U_4 = 38-30 =8\ utils

Since the utility for the 4th donut is less than the utility for the 3rd donut, utility begins to diminish after consuming the third donut.

6 0
3 years ago
Double-declining balance On January 1, 2021, the Excel Delivery Company purchased a delivery van for $51,000. At the end of its
agasfer [191]

Answer:

$18,480

Explanation:

Cost of van = $51,000

Useful life = 5 years

Salvage value = $4,800

Using the straight line, Annual depreciation

= (51000 - 4800)/5

= $9,240

Using the Double-declining balance method,

Annual depreciation = 2 × 9,240

                                  = $18,480

3 0
3 years ago
For individual taxpayers, deductible losses for tax purposes do not include _____. business losses investment losses personal lo
galben [10]
<span>For individual taxpayers, deductible losses for tax purposes do not include personal losses. </span>
6 0
3 years ago
A(n) _____ is an organization of talented artists who work for advertisers and occasionally subcontract to advertising agencies.
Elena L [17]

A creative boutique is an organization of talented artists who work for advertisers and occasionally subcontract to advertising agencies. Its mission is to develop exciting creative concepts and to produce fresh, distinctive advertising messages.

7 0
3 years ago
Marianna has been returning from her lunch break 30 minutes late for the past 2 weeks. When her manager confronts her about it,
Arisa [49]

Answer:

d. Has the company applied its rules, orders, and penalties evenhandedly and without discrimination to all employees?

Explanation:

The seven tests for Just Cause are the following:

  1. Adequate warning
  2. Reasonableness
  3. Completeness of investigation
  4. Objectivity of investigation
  5. Proof of infraction
  6. Uniformity of the rules application (option D refers to this specific Just Cause test)
  7. Reasonableness of discipline.

The Just Cause tests are used to determine if any disciplinary or termination action was fair, and not just because the employer or supervisor wants to.

7 0
3 years ago
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