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Ulleksa [173]
3 years ago
12

The Up-Towner has sales of s913,400, costs of goods sold of $79,300, inventory of $187400, take the firm to sell its and account

s receivable of $78,900. How many days, on average, does it inventory assuming that all sales are on credit?A) 118.08 daysB) 84.69 daysC) 106.46 daysD) 74.19 daysE) 121.07 days
Business
1 answer:
artcher [175]3 years ago
8 0

Answer:

862.56 days

Explanation:

Given that,

sales of = $913,400,

costs of goods sold = $79,300,

inventory = $187400,

Accounts receivable = $78,900

Cost of goods sold per day:

= Cost of Good Sold ÷ 365 days in a year

= $79,300 ÷ 365

= $217.26

Inventory Days:

= Inventory ÷ Cost of goods sold per day

= $187400 ÷ 217.26

= 862.56 days

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3 years ago
The seller has placed moving boxes in the closet that contains the access panel to the attic. during the buyer's home inspection
Sholpan [36]

Nothing. The inspector won't be able to investigate the attic during the inspection. The inspector is not required to move objects to access blocked areas. This is the responsibility of the seller prior to the inspection taking place

<h3>What does inspection serve to accomplish?</h3>
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4 0
1 year ago
Adam is a traveling salesperson for Peter Petri Plumbing Supply Corp. Adam has express authority to solicit orders from customer
Juliette [100K]

Answer:

Explanation:

Liability of Petri:

On all the purchases, if payment is made within 30days from delivery, Petri gave the authority of a 5% discount to Adam. Upon extension of credit to customers,  no terms were given to Adam.

In the case under consideration, Adam explicitly gave a false representation of his authority to get more sales on his account and thus, Petri is NOT accountable to John on his terms with Adam.

Liability of John:

Being a customer to Petri, John has to discover the detailed terms on discount and other payment terms with Petri when he called Petri. John is also accountable to make clarifications whether Adam has the authority to give a 10% discount and making payment in three installments.

In the case under consideration, John has failed to find the exact details on whether Adam has the authority to give a 10% discount. Thus, he is accountable to make the payment of $9500 in 30days.

6 0
3 years ago
When the trial balance extracted from the books of Keman Enterprises at the year-end failed to balance, the difference was place
Ugo [173]

Answer:

The answer is option (A) Dr 4,800

Explanation:

Solution

From the given question, the prepaid insurance normally is having a debit  balance.

When it is brought forward to next year, this GH₵ 2,400 has to be cancelled once by debiting to suspense account.

Also. it want 2400 to credit the balance in prepaid insurance ledger, it need or require to be credited and debited to suspense account with 2400 balance.

Now, this combined debit to suspense account will result to 4800 (2400 +2400).

8 0
3 years ago
You only hate what you can't be <br> a. true <br> b. false
Marizza181 [45]
I’m going to go with false.
5 0
3 years ago
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