1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svlad2 [7]
3 years ago
13

Selected financial information for Feemster Company for 2012 follows. Sales $ 2,000,000 Cost of goods sold 1,400,000 Merchandise

inventory Beginning of year 155,000 End of year 195,000. Required: Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turnover during 2012?
Business
1 answer:
olganol [36]3 years ago
3 0

Answer:

The merchandise inventory turnover during 2012 is 8 times.

Explanation:

The following information is given:

Sales -  $ 2,000,000

Cost of goods sold - $1,400,000

Merchandise inventory Beginning of year -  $ 155,000

Merchandise inventory End of year - $ 195,000

After considering these information, it is easy to calculate the merchandise inventory turnover. The formula is shown below:

Merchandise Inventory Turnover =  COGS ÷ Average inventory

where average inventory = (opening inventory + ending inventory) ÷ 2

So,

Average inventory = ( $ 155,000 + $ 195,000) ÷ 2

                               = $175,000

Now, we can compute easily

Merchandise Inventory Turnover = 1,400,000 ÷ $175,000

                                                       = 8 times

Thus, the merchandise inventory turnover during 2012 is 8 times.

You might be interested in
What is it called when you take part of someone's paycheck for yourself? (aka stealing their money)
PIT_PIT [208]
Embezzlement also meaning stealing another's funds
3 0
3 years ago
Include general ability to understand alter lead and control the behavior ​
Liono4ka [1.6K]

Answer:

  • Monitor progress towards Goals
  • control the situation
  • monitor and measure the right items
  • provide coaching and feedback
  • supervising others
  • conflict resolution
  • emotional intelligence
  • communication skills
  • manage performance
  • interviewing skills
  • team building
  • delegation
  • change agent
  • coaching
  • problem solving
  • motivating others
4 0
3 years ago
Mô tả phong cách quản trị của tiến sĩ Nguyễn Thắng - TGĐ tập đoàn Herbalife
amm1812

Answer:

what is this?

Explanation:

Herbalife?

6 0
3 years ago
It is crucial to understand the various factors contributing to your employees' stress as well as the consequences of it. Catego
Rus_ich [418]

Explanation:

A. Environmental Sources of Stress:

It is the stressors arising from environmental factors that can threaten the employee's work in some way.

2- Economic uncertalinty

5- Technological change

B. Organizational Sources of Stress:

This stress derives from internal or external conflicts that can occur at work, such as personal charges and poor relationships with other employees.

1. Task demands

4. Interpersonal demands

C. Personal Sources of Stress:

These are the stressors arising from the employee's personal life, which can directly impact the quality with which the employee performs his work.

3. Economic problems

6. Family problems

3 0
3 years ago
Net loss can be thought of as a __________ to the Capital account.<br><br> Debit<br> Credit
xz_007 [3.2K]

Answer:

The answer is Credit.

Explanation:

Net loss can be thought of as a <u>Credit </u>to the Capital account.

6 0
2 years ago
Other questions:
  • ​bill's organization expects​ 50% of profits to be generated by products that did not exist five years ago. what is the nature o
    14·1 answer
  • What Trade-off Do You Make When You Use Credit ?
    15·1 answer
  • Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $188,000 and appropriately accounted for the inve
    9·1 answer
  • Under a ________ marketing system, independent production and distribution firms integrate their efforts on a contractual basis
    10·1 answer
  • Cameron Corp. purchased a mine on January​ 1, 2018, for​$530,000, which is estimated to contain​ 35,000 tons of iron ore. There
    11·1 answer
  • Which of the following statements is true regarding 401(k) accounts? A. Employers are not allowed to match employee contribution
    13·2 answers
  • Due to changes in regulatory requirements, the transactions costs associated with selling corporate securities increased by $1 p
    6·1 answer
  • 5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses
    6·1 answer
  • If you were a manager, which management style do you think you would use most often?
    14·1 answer
  • How do employee benefits relate to disposable income
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!