The statement, inventory can be calculated by dividing the total number of customers that arrived during a period of time by the length of that period of time, is false.
Inventory cannot be calculated by dividing the total number of customers which arrived during a period of time by the length of that period of time because that is how you calculate average flow rate.
First in calculating inventory, you will need to know the inventory levels on the first day of the accounting period. Then the inventory values must be multiplied by the number of items on hand with the unit price of the items.
Hence, one determines the total costs of goods available in that period to calculate inventory.
To learn more about inventory here:
brainly.com/question/24212079
#SPJ4
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
The rate of increase for these automobiles between the two time periods is <span>75 percent.
Below is the solution:
</span><span>($28,000 – $16,000) / $16,000 = .75 (75 percent)</span>
Answer:
events
Explanation:
it is an emergency situations that needs to be answered quickly
Answer:
625 units
Explanation:
The formula that joe has derived is
Formula: Sales = 0.63 x (Skateboard Sales) + 0.165 x (Average Temperature)
We will definitely get the expected sales figure by putting values in the formula
Sales = (0.63 x 968) + (0.165 x 91)
Sales = 624.86
Sales = 625(rounded off to nearest unit)
Answer:
Under the lower-of-cost-or- net realizable value basis of accounting for inventories, the value that Taylor should report for the TVs on the balance sheet is $350 × 5 = $1,750
Explanation:
The lower-of-cost-or- net realizable value basis of accounting for inventories values inventory at the lower of its cost or net realizable value. This basis of accounting gives a <em>faithful representation</em> to the users of the value of assets in inventory that firm holds. This is also <em>prudent</em> in that profits are not overstated in the Income statement.