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3 years ago

The inventory turnover measures:

Business

1 answer:

pashok25 [27]3 years ago

7 0

Answer:

The average number of times inventory is sold during the period.

Explanation:

Inventory turnover by definition is the relationship between inventories and the cost of goods sold by a firm. It measures on average, how many times the inventory was restocked and sold in the operating period.

A higher number usually suggests a healthier operation cycle for a business.

It is measured by,

Inventory turnover = Cost of goods sold / Average inventory

Option 1 and Option 3 are related to the performance of accounts receivables. Option 3 is the closest to above mentioned definition. Option 4 is only measuring the inventory clearance time.

Hope that helps.

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Princeton Company acquired 75 percent of the common stock of Sheffield Corporation on December 31, 2011. On the date of acquisit

melamori03 [73]

Answer:

consolidated balance sheet:

land 525,000

Explanation:

The Princeton's land will be valued at book value.

The Sheffield's land will be valued at market value as when Princeton acquired Sheffield the land was appraised at his market value.

So 500,000 x 75% = 375,000 land of Sheffield

Total land:

Princeton Land 150,000

Sheffield Land 375,000

Total 525,000

6 0

2 years ago

On January 1, 2019, Commercial Equipment Sales issued $ 29 comma 000 in bonds for $ 21 comma 700. These are sixminusyear bonds

maxonik [38]

Answer:

$2,058.33

Explanation:

bond's face value = $29,000

bond's market value = $21,700

interest rate = 10%

n = 6 x 2 coupons = 12

discount on bonds payable = $29,000 - $21,700 = $7,300

discount amortized per coupon payment = $7,300 / 12 = $608.33

total interest expense = ($29,000 x 10% x 1/2) + $608.33 = $1,450 + $608.33 = $2,058.33

the journal entry to record the coupon payment in June 30,2019:

Dr Interest expense 2,058.33

Cr Cash 1,450

Cr Discount on bonds payable 608.33

8 0

2 years ago

The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams

Aleksandr-060686 [28]

Answer:

15,351.00 unfavourable

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

gram

300 units should have used (300× 4.6) 1380

but did used 2,400

1020

Standard price × 15.05

Material quantity variance 15,351.00 unfavourable

5 0

3 years ago

Which of the following generational groups is most likely to represent the present owners of cottages surrounding Witmer Lake?A)

yawa3891 [41]

I think it’s d but try to search it D

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2 years ago

Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change

shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork. His theory centers on eight steps:

1. Creating urgency to spur change.

2. Forming a powerful coalition from people of diverse talents.

3. Make a vision of change that would inspire and rally your group.

4. Communicate that vision so that all of you understand what needs to be done.

5. Remove obstacles that would impede your goals.

6. Create short-term wins that would help in the short run but will contribute in the long run.

7. Build on change while the momentum is there.

8. Anchor that change as a model for others to follow.

4 0

3 years ago