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
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

You might be interested in
Use the cost and revenue data to answer the questions. Quantity Price Total Revenue Total Cost 15 90 1350 900 30 80 2400 1500 45
borishaifa [10]

Answer:

What is marginal revenue when quantity is 30 ? 30?

  • $70

= ($2,400 - $1,350) / (30 - 15) = $900 / 15 = $70  

What is marginal cost when quantity is 60 ? 60?

  • $60

= ($3,150 - $2,250) / (60 - 45) = $900 / 15 = $60

If this firm is a monopoly, at what quantity will profit be maximized?

  • quantity: 45 units

a monopoly maximizes its accounting profit when marginal revenue = marginal cost, in this case they both equal $50 per unit when total output is 45 units

If this is a perfectly competitive market, which quantity will be produced?

  • quantity: 45 units

a perfectly competitive firm maximizes its accounting profit when marginal revenue = marginal cost, in this case they both equal $50 per unit when total output is 45 units

Comparing monopoly to perfect competition, which statement is true?

  • The consumer surplus is smaller with a monopoly.
  • The monopoly's price is higher.

In a monopoly, output is smaller than the perfectly competitive output. The price charged by a monopolist is also higher. This also results in lower consumer surplus with a monopoly.

Explanation:

Quantity      Price       Total Revenue            Total Cost

15                 90                   1350                         900

30                80                   2400                      1500

45                70                    3150                      2250

60                60                  3600                       3150

75                50                   3750                      4200

90                40                  3600                      5400

3 0
3 years ago
Layla Fox is a creative, imaginative, artistically sensitive individual who loves to take on new opportunities. She is a success
il63 [147K]

Answer: B. Openness to experience

Explanation: According to the Big Five personality factors, openness as a personality factor measures the level curiousness, imaginative and creative ability exhibited by an individual. An individual low on openness will be described as someone who would rather stick to a routine outline or experience or methodology. However, Layla fox described above could be said to exhibit high openness to experience given her will or zeal to try out new opportunities, imaginative and creative capability.

4 0
3 years ago
Joe is one of the lead accountants for his company. Last month he was pressured to prepare the financial reports more quickly th
Minchanka [31]

Answer:

Explained.

Explanation:

Joe being the lead accountant for his company so, he prepares the financial reports.

Joe made mistakes in financial report making his  manager angry  because the resources at the Joe's company are limited and financial report that are timely and reliable would have helped the company to attract some financial investment.

6 0
2 years ago
Which of the following is a major difference between a budget constraint and production possibilities frontier?
horrorfan [7]

Answer:

c

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPF is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

So, the PPF exhibits diminishing return. The slope of the PPF is different at different points. this makes the PPF a curve

the budget constraint is a straight line that shows the various combinations of goods a consumer can consume given her income. the budget constraint is a straight line because the slope is constant at each point on the curve

Also, the slope of the budget constraint is the relative prices of the two goods

8 0
3 years ago
Vijay Company reports the following information regarding its production costs. Direct materials $9.60 per unit Direct labor $19
solong [7]

Answer:

Unitary cost= $46.4 per unit

Explanation:

Giving the following information:

Direct materials $9.60 per unit

Direct labor $19.60 per unit

Overhead costs for the year:

Variable overhead $9.60 per unit

Fixed overhead $121,600

Units produced 16,000 units

Under absorption costing, the fixed overhead is allocated to the cost of the product. Therefore, we need to calculate the unitary fixed overhead.

Unitary fixed overhead= 121,600/16,000= $7.6

Now, we can calculate the unitary cost of production:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 9.6 + 19.6 + 9.6 + 7.6= $46.4 per unit

6 0
3 years ago
Other questions:
  • The AD&D provision in a life insurance policy would pay additional benefits if the insured
    11·1 answer
  • Assume that John's marginal tax rate is 40%. If a city of Austin bond pays 6% interest, what interest rate would a corporate bon
    9·1 answer
  • Two​ countries, A and B​, both are currently in recession. The values of the MPS for A and B are 0.1 and 0.5 respectively. The g
    11·1 answer
  • What is an Exclusive Contract with a Real Estate Agent?
    10·1 answer
  • Anyone know the answer to this question
    6·2 answers
  • Adamson Corporation is considering four average-risk projects with the following costs and rates of return:
    15·1 answer
  • Sunland Company, has 14700 shares of 4%, $100 par value, cumulative preferred stock and 60200 shares of $1 par value common stoc
    9·1 answer
  • You have been offered a 10-year bond issued by Tiger Inc., at a price of $950.00. The bond has a coupon rate of 8% and pays the
    11·1 answer
  • Reedy Company reports the following information for 2012:
    15·1 answer
  • 19. 14 oz of gold equals how much in dollars.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!