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PolarNik [594]
3 years ago
15

At the beginning of the year, American International had inventory worth $325,500 at cost. At the end of the year, the cost valu

e of the inventory was $540,250. If annual cost of goods sold was $1,978,250 find the inventory turnover at cost for the year. (Round your answer to the nearest tenth) Group of answer choices
Business
1 answer:
Lesechka [4]3 years ago
8 0

Answer:

Inventory turnover= 4.57

Explanation:

<u>To calculate the inventory turnover, we need to use the following formula:</u>

Inventory turnover= Cost of goods sold/ average inventory

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (325,500 + 540,250) / 2

Average inventory= 432,875

Inventory turnover= 1,978,250 / 432,875

Inventory turnover= 4.57

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Answer:

$202,701,713.58

Explanation:

Present value of this liability = Value of liability / ((1+r)^t)

Present value of this liability = $750 million / ((1+0.08)^17)

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Present value of this liability = $750 million / 3.7000180548

Present value of this liability = $202,701,713.5840815

Present value of this liability = $202,701,713.58

6 0
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You have received a research report done by a consultant for your firm, a life insurance company. The study is a survey of moral
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Answer:

The research report must have the following attributes:

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Answer:

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Explanation:

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a.                     Overstated            Overstated

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