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kirill [66]
3 years ago
6

Pascarelli Corporation’s inventory at the end of Year 2 was $132,000 and its inventory at the end of Year 1 was $160,000. Cost o

f goods sold amounted to $920,000 in Year 2. The company’s average sale period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
kaheart [24]3 years ago
7 0

Answer:

58 days

Explanation:

Inventory turnover = Cost of goods sold ÷ Average inventory

= $920,000 ÷ $146,000 = 6.30 (rounded)

Average inventory = ($132,000 + $160,000) ÷ 2

=$292,000÷ 2

= $146,000

Average sale period = 365 days ÷ Inventory turnover

= 365 days ÷ 6.30 = 57.9

Approximately 58 days

Therefore the company’s average sale period for Year 2 is closest to 58 days

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GREYUIT [131]

Explanation:

Organizational management is extremely important for conducting business. Managing is the process of measuring, monitoring, organizing, controlling and administering, through these variables it is possible for a company to know its strengths and weaknesses and coordinate them so that it has a greater chance of being competitive and profitable in the market.

Each organization can manage the business in different ways, this will depend on its objectives and organizational structure, the most important is that the management is aligned with a strategic planning that understands the objectives and goals of the organization so that it remains well positioned in the competitive market .

5 0
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Best Deals, Inc. has 10 units in ending merchandise inventory on December 31. The units were purchased in November for $160 each
MrMuchimi

Answer:

$1,600

Explanation:

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= $1,600

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Health claims made in product advertisement must be backed by a . Local authorities b. Scientific evidence c . Endorsement
diamong [38]

Answer:

the answer is b! :)

Explanation:

7 0
3 years ago
Read 2 more answers
In a small, closed economy, national income (GDP) is $400.00 million for the current year. Individuals have spent $150.00 millio
emmasim [6.3K]

Answer: $100 million

Explanation:

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= Consumption + Investment + Government spending

Making investment the subject would give us:

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3 0
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Assume that the reserve requirement for the commercial banks is 25%. If the Federal Reserve Banks buy $3 billion in government s
faltersainse [42]

Answer:

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