Promoting goods and services to customers is a function of *
1 answer:
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Answer: d. $51,000
Explanation:
In March the following will be collected as per the method of collection for Gaylord Company.
1. 35% of sales in March
2. 45% of sales in February
3. 100% - 35% - 45% = 20% of sales in January.
= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)
= 14,000 + 27,000 + 10,000
= $51,000
I have attached the missing part of the question.
Answer:
7.5 times
Explanation:
Inventory turnover =
We have been provided that,
Cost of goods sold = $15,000,000
Average inventory for the year = $2,000,000
Therefore, Inventory Turnover ratio =
= 7.5 times
It means on an average how many times the inventory is sold, and replaced during the period.