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sweet [91]
3 years ago
10

ABC's beginning inventory is $2,000 and its ending inventory is $1,000. The inventory turnover is 6 times. Cost of goods sold fo

r the year must equal:
Business
1 answer:
mojhsa [17]3 years ago
7 0

Answer:

$9000

Explanation:

Inventory turnover is an example of an activity ratio

Activity ratios calculate the efficiency of performing daily task of a firm

Inventory turnover = cost of goods sold / average inventory

Average inventory = (beginning inventory + ending inventory) / 2

($2000 + $1000) / 2 = $1500

6 = cost of goods sold / 1500

To determine cost of goods sold, multiply both sides of the equation by 1500

1500 x 6 = $9000 = cost of goods sold

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Explanation:

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To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.

The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.

The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.

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3 years ago
What report do you receive after you complete the FAFSA?
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B) Student Aid Report (SAR)

Explanation:

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3 years ago
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Romashka-Z-Leto [24]

Answer:

True.

Explanation:

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A basic customer relationship management (CRM) premise is that customers form relationships with companies as opposed to companies conducting individual transactions with customers. In order to build a mutual and strong customer relationships, it is very important and essential to create a communication medium. Companies shouldn't just engage in a one-sided business transactions with their customers, it is important and essential that they try to find out what the wants or basic needs of their customers is. Consequently, they would then be able to proffer a solution or inform them that they have a solution to meet the customer's wants or requirements.

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3 years ago
Hailey files a discrimination charge against her company as it pays less wages to African American employees. The company demote
artcher [175]

Answer:

retaliation.

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