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
mafiozo [28]
3 years ago
15

The following information was available for Hover Company at Dec 31, 2011; beginning inventory $110k; ending inventory $70k; cos

t of goods sold $660k; and sales $900k. Hoover's days in inventory in 2011 was
Business
1 answer:
nata0808 [166]3 years ago
3 0

Answer: Hoover's days in inventory in 2011 was 50 days.

Explanation:

Given that,

Beginning inventory = $110000

Ending inventory = $70000

Cost of goods sold = $660000

Sales = $900000

Average Inventory = \frac{Beginning\ Inventory + Ending\ Inventory}{2}

=  \frac{110000+70000}{2}

= 90000

Inventory Turnover =  \frac{cost\ of\ goods\ sold}{Average\ Inventory}

=  \frac{660000}{90000}

= 7.33

Hoover's days in inventory in 2011 = \frac{Number\ of\ days\ in\ a\ year}{Inventory\ Turnover}

= \frac{365}{7.33}

= 50 Days

You might be interested in
When Abu went to open a bank account at First National Bank, he was greeted by a friendly account representative, who explained
8090 [49]

Answer:

Interactive

Explanation:

Interactive marketing is the kind or form of marketing which is defined as the one to one practice of marketing that centres the individual person or consumer and then prospects the actions.

In this kind of marketing practice, it comprise of the initiatives of marketing that are triggered through behaviors as well as preferences of the customer. And for this reason, it is major shift from the campaign grounded efforts of marketing.

So, in this case, the actions through the account representative are a kind of interactive marketing.

3 0
3 years ago
Burning one gallon of gasoline in a car releases approximately 20 pounds of CO2 into the atmosphere. One average person drives 6
Oksanka [162]

Answer: 20,000 pounds of CO₂

Explanation:

30 mpg car.

Number of gallons of gasoline used:

= 60,000 / 30

= 2,000 gallons

CO₂ released = 2,000 * 20

= 40,000 pounds

20 mpg car

Number of gallons used:

= 60,000 / 20

= 3,000 gallons

CO₂ released = 3,000 * 20

= 60,000 pounds

Difference:

= 60,000 - 40,000

= 20,000 pounds of CO₂

8 0
2 years ago
hich two of the following is are examples of an employee behaving in a way that confirms the theories of elton mayo?
RideAnS [48]

"A copywriter at an ad agency writes detailed copy for Internet advertisements. It is an intense, grueling job—the copywriter usually writes copy for up to 50 ads a day. Although he received little feedback, he feels pride in his work and continues to be motivated to do a good job."

"An environmental engineer working for a solar panel company runs experiments determining the capacity of smaller solar panels made out of different types of materials. She submits her results to her supervisor along with her opinion on the economic value of each type of panel but is not informed if her work results in products that are successfully sold in the market."

These employee behavior confirm the theories of Elton Mayo

To know more about Elton Mayo click below:

brainly.com/question/18636366

#SPJ4

3 0
1 year ago
I need help on number 8 9 and 10 please help
elena55 [62]

Answer:

8. The opportunity cost is c. wearing the shoes

9. To gain the most satisfaction possible

10. A new toy is less exciting to a child with many toys

Explanation:

3 0
2 years ago
7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet show
irina1246 [14]

Answer:

The firm's cash flow to creditors during 2018 was –$85,000

Explanation:

The firms cash flow to creditors would be calculating by substracting the interest expense of the firm to the long-term debt taken during the period.

Cash flow to creditors = Interest expense – Net new LTD borrowing

Cash flow to creditors = Interest expense – (LTDend – LTDbeg)

Cash flow to creditors = $255,000 – ($2,210,000 – 1,870,000)

Cash flow to creditors = –$85,000

6 0
3 years ago
Other questions:
  • Please Help! My teacher is very vague on his website that I normally use for the answers on his worksheets.
    15·1 answer
  • Jonathan has been appointed the new Marketing Director for Big Waves Cruise Lines. Big Waves has been modestly successful but te
    6·1 answer
  • The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statement by having expe
    13·2 answers
  • You have been investing $165 a month for the last 12 years. today, your investment account is worth $60,508.29. what is your ave
    10·1 answer
  • Suppose you have three producers of oil A, B, and C, with extractions costs of $8, $10, and $12 per barrel of oil. Assume there
    7·1 answer
  • Proctor & Gamble departmentalizes by Tide, Pampers, Charmin, and Pringles. This is an example of departmentalization by
    5·1 answer
  • Managers must decide where in the supply chain to hold inventory. In​ general, the decision about where to position inventory is
    14·1 answer
  • Emann Systems is considering a project that has a cash flow as: (1,000), 450, 450, 450 for the years 0, 1, 2, 3 respectively. If
    8·1 answer
  • Knottworth Gedding Consulting leased machinery from Red Inc. on July 1, 2021. The lease was recorded as a finance lease. The pre
    12·1 answer
  • A taxi crashed into a telephone pole. The taxi's passenger commenced a negligence action against the taxi driver, properly servi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!