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spayn [35]
3 years ago
11

Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. (in millions) 2020 2021 2022 Beginning invento

ry $1,900 $2,200 $2,400 Ending inventory 2,200 2,400 2,500 Cost of goods sold 18,040 20,010 19,600 Sales revenue 41,000 42,300 42,240 (a) Calculate the inventory turnover for 2020, 2021, and 2022. (Round inventory turnover to 1 decimal place, e.g. 5.1.) 2020 2021 2022 Inventory turnover enter an inventory turnoverenter an inventory turnover times
Business
2 answers:
leonid [27]3 years ago
8 0
2020

Beginning inventory $1,900
Ending inventory $2,200
Cost of goods sold $18,040
Sales revenue $41,000

To find inventory turnover it’s cost of goods sold divided average inventory

$18040/($1900 + $2,200)/2
$18040/ $2050
= 8.8

Trust you can now do 2021 and 2022
andrew11 [14]3 years ago
6 0

Answer:

oki

Explanation:

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Cushing Manufacturing assigns overhead based on machine hours. The MillingDepartment logs 1,800 machine hours and Cutting Depart
morpeh [17]

Answer:

Explanation:

The journal entry is shown below:

Milling work in progress A/c Dr $9,000

Cutting work in progress A/c Dr $15,000

     To Manufacturing overhead A/c             $24,000

(Being overhead allocation is recorded)

The milling work in progress is computed by

= Milling department machine-hours × $ overhead rate

= 1,800 machine hours × $5

= $9,000

And, The cutting work in progress is computed by

= Cutting department machine-hours × $ overhead rate

= 3,000 machine hours × $5

= $15,000

5 0
3 years ago
Manufacturers sometimes offer a quantity discount to buyers on what kind of order?
Sergeu [11.5K]
Manufacturers offer discounts usually to large quantity or bulk buyers. this encourages buyers to buy more because the businesses give them an opportunity to save more money. usually, it is the retailers who would buy from manufacturers in bulk orders
6 0
3 years ago
Read 2 more answers
Bonita, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
jeka94

Answer:

Results are below.

Explanation:

<u>To calculate the activities rates, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Designing= 452,795 / 11,900= $38.05 per designer hour

Sizing and cutting= 4,231,150 / 157,000= $36.95 per machine hour

Stitching and trimming= 1,501,000 / 79,000= $19 per labor hour

Wrapping and packing= 327,050 / 31,000= $10.55 per finished unit

4 0
3 years ago
Which of the following statements about economic growth is accurate? The world’s sustained economic growth has only been occurri
irina1246 [14]

Answer:

<u>The world's sustained economic growth has only been occurring over the last 300 to 400 years.</u>

<u>Explanation:</u>

It is more accurate to say that sustained economic growth occurred over the last 300 to 400 years by considering when economic data became available.

Also, we need to bear in mind that a sustained economic growth implies a measurable period of economic expansion (growth).

6 0
3 years ago
Malik is the top employee at the local Deloitte office, and he just received a competing offer from PwC. Deloitte is considering
GREYUIT [131]

Answer: Extra Vacation ; Stay

Explanation:

<em>At the Nash equilibrium, Deloitte will choose </em><em><u>extra vacation</u></em><em> and Malik will respond with </em><em><u>stay</u></em><em>.</em>

A Nash Equilibrium is the optimal outcome for each player given the decisions of the other player.

Looking at the the sequential game tree, if Deloitte offered a Money Bonus, Malik would leave because it offers him a higher payout. Deloitte would not want this because they gain more when he stays.

If Malik is offered extra vacation however, Malik stands to gain more than every other option if he stays and Deloitte would therefore offer him this because it will still be a gain for them. This is the Nash equilibrium.

8 0
3 years ago
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