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arlik [135]
3 years ago
12

Tinker's 2019 cost of goods sold was $750,000 and 2018 cost of goods sold was $770,000. The inventory at the end of 2019 was $18

8,000 and $208,000 at the end of 2018. What was Tinker's inventory turnover during 2019?
A. 3.79
B. 3.99
C. 3.84
D. 3.89
Business
1 answer:
castortr0y [4]3 years ago
4 0

Answer:

A

Explanation:

In this question , we are asked to calculate the inventory turnover during 2019.

Mathematically;

Inventory turn over = Cost of goods sold/Average inventory

From the question, we identify that the cost of goods sold = $750,000

Average inventory = (188,000 + 208,000)/2 = 396,000/2 = 198,000

Inventory turn over = 750,000/198,000 = 3.79

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Answer: Holders of convertible bonds can choose how many shares of stock to receive at conversion

Explanation:

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The option that holders of convertible bonds can choose how many shares of stock to receive at conversion is wrong. This is because the number I shares that will be eventually converted will already have been fixed.

8 0
4 years ago
Eileen transfers property worth $200,000, basis of $60,000, to Goldfinch Corporation. In return, she receives 82% of the stock i
erica [24]

Answer:

C. $20,000

Explanation:

Given the data below,

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3 0
3 years ago
The biggest losers in the institutional treasury management case were:
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The biggest losers in that case were the tax payers.
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8 0
3 years ago
The amount of material used in making a custom sail for a sailboat is normally distributed with a standard deviation of 64 squar
Advocard [28]

Answer:

option (B) 912 ± 42.6

Explanation:

Data provided in the question:

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Confidence level = 99%

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or

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or

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or

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Hence,

The answer is option (B) 912 ± 42.6

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Answer:

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