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
77julia77 [94]
3 years ago
9

Waters Department Store had net credit ales of $16mil and cost of goods sold of $12mil for the year. The average inventory for t

he year amounted to $2mil. inventory turnover for the year is
Business
1 answer:
mr Goodwill [35]3 years ago
3 0

Answer:

6 million is the inventory turnover

Explanation:

The formula to calculate inventory turnover = \frac{Cost of goods sold}{Average Inventory}

Here we are provided,

Cost of goods sold = $12 million

Average Inventory = $2 million

Or it is calculated by using the formula \frac{Sales}{Inventory

Here, we are not provided with total sales, therefore, this formula cannot be used.

Using the former formula we have,

\frac{12 million}{2 million} = 6 million.

Final Answer

6 million is the inventory turnover

You might be interested in
1._____refers to the goods or services that you offer and how they
padilas [110]

Answer:

1.Product

2.Price

3.Promotion

4.Place

5.Sorry,i don't know this answer

3 0
3 years ago
Bonds that may be exchanged for common stock at the option of the bondholders are called
zavuch27 [327]

Answer: Convertible bonds

Explanation: Convertible bonds are debt securities that are usually issued by the startup companies having no funds to initiate but high upside potential.

Convertible bonds can be converted into common stock at a specific price, on the discretion of the bondholder. These are hybrid securities, offering higher yields than common stock but lower than straight bonds.

From the above we can conclude that option D is correct.

5 0
4 years ago
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a
Olenka [21]

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a bed and breakfast. If Cynthia enjoys working with others in the lodging industry, but on a smaller scale, a bed and breakfast is the perfect place for Cynthia to open that stays with her love for lodging but without the large hotel chain group of people. A bed a breakfast is usually a smaller place with roughly 10 rooms to rent out as if you were staying in a hotel.

3 0
4 years ago
Read 2 more answers
Myra provides accounting services as an independent contractor for Great Northern. Because of this relationship, Great Northern
Setler [38]
The answer to this question is False
8 0
3 years ago
Which of the following agencies is the lead agency for prevention, health data, epidemic investigation, and public health measur
Mandarinka [93]

Answer:

The answer is Centers for  disease control and prevention.

Explanation:

The Centers for disease control and prevention is the lead agency for prevention, health data, epidemic investigation, and public health measures aimed at disease control and prevention

3 0
3 years ago
Other questions:
  • If in their contract for the sale of dairy cattle, Luis and Greenfield mistakenly agree to exchange ten cows for $200 dollars, w
    6·1 answer
  • What are the different schools (beliefs) of decision making?
    12·2 answers
  • Refer to the financial statements of flathead lake manufacturing company. the firm's current ratio for 2006 indicates that flath
    13·1 answer
  • The portion of unemployment that is due to the mismatch between skills and jobs is called ______ unemployment.
    13·1 answer
  • What value of a measurement must be available if the accuracy of a measurement is to be determined?
    10·1 answer
  • Brandeis Corporation has two production Departments: P1 and P2 and two service departments: S1 and S2. Direct costs for each dep
    5·1 answer
  • Madrid Company has provided the following data (ignore income taxes):
    15·2 answers
  • Choose 3 to 4 companies or organizations to review their policies. How do they differ and how might they be the same. Submit the
    13·1 answer
  • Industries is calculating its Cost of Goods Manufactured at​ year-end. The​ company's accounting records show the​ following: Th
    8·1 answer
  • each business unit and department should have a clear understanding of the of the whole firm and have a departmental that comple
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!