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
Evgesh-ka [11]
2 years ago
8

(b) A company had an average inventory last year of $208,000 and its inventory turnover was 6. If sales volume and unit cost rem

ain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year
Business
1 answer:
RUDIKE [14]2 years ago
7 0

Answer: 156000

Explanation:

The average inventory during the current year would be calculated as follows:

Inventory Turnover Ratio = Cost of goods sold / average inventory

where,

Inventory turnover = 8

Cost of goods sold = $208,000 × 6 = $1,248,000

Average inventory = Unknown

Therefore, 8 = 1248000 / Average inventory

Average inventory = 1248000 / 8

Average inventory = 156,000

You might be interested in
Choose the term that best matches the description given.
RoseWind [281]

Answer:

Copyright is a form of protection grounded in the U.S. Constitution and granted by law for original works of authorship fixed in a tangible medium of expression. Copyright covers both published and unpublished works.

Explanation:

i looked it up

4 0
3 years ago
The job of increasing public awareness of a company's products, brands, or activities and by fostering desirable company images,
Zina [86]

It is the task of <u>"Public Relations".</u>


Public relations(PR) is the way associations, organizations and people speak with general society and media. A Public relations authority speaks with the intended interest group straightforwardly or by implication through media with an expect to make and keep up a positive picture and make a solid association with the gathering of people. Examples incorporate official statements, pamphlets, open appearances, and so on and also utilization of the internet.

8 0
3 years ago
Think of a situation when you received a bad news with direct pattern (without any buffer). How did you react in that situation?
Dahasolnce [82]
Bajáis s and sjsisiejen ejejd
5 0
3 years ago
Read 2 more answers
What do we call the board members who are part of a company's senior management team appointed by shareholders to provide the bo
wlad13 [49]

Answer: Option C

   

Explanation: In simple words, inside directors refers to the individuals who holds significant position or stake in the company along with the position in the broad of directors committee.

These individuals are appointed by the shareholders and are obligated to represent truther point of view and act in their best interest. They are of high power in the company as they have significant potion in the management as well along wight the privileges of the board of director.

Hence the correct option is C.    

 

7 0
3 years ago
1. Reynolds Corporation has the following cost and production information available for the 10,000 units they plan to produce th
serg [7]

Answer:

Explanation:

Total cost per unit <u><em>(Which is calculated by adding up the fixed costs and variable costs and dividing by the overall quantity of units produced.)</em></u> is calculated below:

(20 + 30 + 8 + 13 + 12 + 7)

90

Desired return

20% on 1440000

288000

Per unit 288000/10000.

28.8

Markup on cost

Desired return per unit

28.8

Cost 90

28.8 /90 = 32% on cost

Target sale price

90+28.8

= 118.8

3 0
3 years ago
Other questions:
  • Pendergast, Inc., has no debt outstanding, and has a total market value of $180,000. Earnings before interest and taxes (EBIT) a
    5·1 answer
  • Haberdashery Company has a beginning Work-in-Process Inventory of 39,000 units (40% complete). During the period, 124,000 units
    5·1 answer
  • When shopping for their brother, jack and james are presented with a red shirt by the sales person. while jack likes the shirt,
    10·2 answers
  • Larry and Susan work in an office near 2 Live Stew and Stew-topia, specialty stew restaurants on the same block. Larry notices t
    10·1 answer
  • All of the following are assumptions of cost-volume-profit analysis except a.the sales mix is constant. b.costs can be divided i
    13·1 answer
  • Semiautomatic process has a fixed cost of $40,000 per year and variable cost of $30 per unit. An automatic process has fixed cos
    8·1 answer
  • On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the co
    13·1 answer
  • Farm products which are perishable and seasonal nature are supplied by
    9·1 answer
  • Which type of system would you find citizens paying higher taxes in order to have the Government provide some benefits for socie
    7·1 answer
  • If a firm's marginal costs _____ then its _____. Group of answer choices rise; output increases fall; best-response curve shifts
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!