Answer:
(A) Inventory turnover= 10.64 times
(B) Days sales in inventory= 34.30 says
(C) Shelf life= 34.30 days
Explanation:
A7X corporation has an ending inventory of $701,073
The cost of goods sold for the year is $7,461,613
(A) The inventory turn over can be calculated as follows
= cost of goods sold/ending inventory
= 7,461,613/701,073
= 10.64 times
(B) The day sales in inventory can be calculated as follows
= 365/inventory turnover
= 365/10.64
= 34.30 days
(C) A unit of inventory sit on the shelf for 34.30 days before it is sold
Answer:
Explanation:
The last payment date will be used in paying tax due for the fourth quarter the payment date will be the due date for payment which is January 31. and the amount will be 3024 assuming given 3024 is for the fourth quarter
b. The number of employees that are employed in the fourth quarter will be 10 that is if the decline in coming months is only because of disassociation of existing employees and no new employees are employed during the quarter.
c. Because of the time of submitting the form is Jan 31st. If taxes are paid on the due date, the due date is Feb 10. Amount of money to be paid is going to be 3024.
Answer:
She is guilty of Insider trading.
Explanation:
Insider trading is an illegal practice where a person indulges in trading activities for his own benefit with the help of confidential information.
In the above case, Simone took park in insiders trading because she had rights to some confidential information. She made use of that information towards her benefit and sold her shares before time.
I hope the answer was helpful.
Answer:
This type of argument ties to make a connection between people living in different parts of the world using both geographic and demographic variables. The geographic variables are the foreign cities (London, Sao Paulo, and Tokyo) and the demographic variables would be the education and income levels (wealthy MBAs).
Answer:
$9,920
Explanation:
The computation of the desired beginning inventory as on June 1 is shown below:
Inventory as on June 1 = Given percentage of the cost of goods sold in the month of June
= 10% × (40% × $248,000)
= 0.10 × $99,200
= $9,920
As the cost of goods sold is 40% of sales so we considered this thing and according to it we find out the beginning inventory
