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
Step2247 [10]
3 years ago
9

North Side Wholesalers has sales of $948,000. The cost of goods sold is equal to 68 percent of sales. The firm has an average in

ventory of $23,000. How many days on average does it take the firm to sell its inventory? Group of answer choices
Business
1 answer:
Masteriza [31]3 years ago
5 0

Answer:

13 days

Explanation:

We are to calculate the days of inventory on hand.

Days of inventory on hand = number of days in a period/ inventory turnover

Inventory turnover = Cost of goods sold / average inventory

Cost of goods sold = 0.68 x $948,000 = $644,640

Inventory turnover = $644,640 / $23,000 = 28.027826

Days of inventory on hand = 365 / 28.027826 = 13.02 days

I hope my answer helps you

You might be interested in
How to solve the time value of money problems​
erastova [34]

Answer:

The Time Value of Money formula is FV = PV x [ 1 + (i / n) ] (n x t)] where V is the Future value of money, PV is the Present value of money, i is the interest rate, n is the number of impounding periods per year, and t is the number of years.

8 0
2 years ago
A hair stylist receives $6,000 per month from her clients as payment for her services. Each month she buys $1,000 worth of suppl
erica [24]
$7,000

She is paid $6k and pays out $1k per month. GDP is a measure of money flowing through an economy.
8 0
2 years ago
TEFCO, a computer processor manufacturing company, recently adopted a new fabrication process to manufacture microprocessors. Th
enyata [817]

Answer:

first-mover advantage

Explanation:

First-mover advantage exists when making the initial move into a market allows a firm to establish a dominant position that other firms may struggle to overcome.

4 0
3 years ago
Consider the case of a good with external benefits. If you plant trees in front of your house, the neighborhood is more attracti
Veronika [31]

Answer:

1. b. Tax homeowners who plant trees.

2. Win - society and consumer

   Loose - tax payers and producers.

Explanation:

1. a). If the good creates a positive externalities, then the \text{private benefits from the good are less than the social benefits} from the good.

In the context, the following would not help to correct the problem :

Taxing the homeowners who plant the trees.

If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.

2. If the government pays for the program that helps to increase the planting the trees, then,

the one who will win from this program is : society and the consumers

the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.

6 0
3 years ago
An organization engaged in job enrichment by making employees' work more challenging and by granting them more autonomy. these m
djverab [1.8K]
I would say that making the work more challenging and granting the employees more autonomy would reduce absenteeism significantly because the employees would become keen to go to work and decide how they were going to approach their work which would lead to more job satisfaction. 
4 0
3 years ago
Other questions:
  • Copperhead Trust has the following classes of​ stock: LOADING...​(Click the icon to view the​ data.) Read the requirementsLOADIN
    13·1 answer
  • The Retained Earnings balance was $24,100 on January 1. Net income for the year was $19,900. If Retained Earnings had a credit b
    11·1 answer
  • A wholly owned subsidiary is appropriate when the firm wants Multiple Choice 100 percent of the profits generated in a foreign m
    8·1 answer
  • What are all of the private loans that people have that aren't secured by real estate?
    5·1 answer
  • You notice a european call and a european put on a stock have the same strike price and time to maturity on an options exchange.
    13·1 answer
  • Bob has a loan that he does not think he can afford and wants to make sure his credit score is not affected. Which of the follow
    10·1 answer
  • Which of the following is a limitation of the dividend-discount ​model? A. It cannot handle negative growth rates. B. It does no
    13·1 answer
  • Jeff believes he will need $60,000 annual income during retirement. if he can achieve a 6% return during retirement and believes
    10·1 answer
  • Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
    6·1 answer
  • The large percentage of population involved in agriculture in China indicates that most people consume an inadequate number of c
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!