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sweet [91]
2 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]2 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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Donna, the office manager, spends a large part of her day working closely with those whom she supervises to successfully accompl
Ber [7]

Answer: human managerial skill

Explanation: These skills refers to the ability of a manager to relate, interact with his or her subordinates effectively. These are considered as an important trait in managers as per modern business environment.

     In the given case, Donna works closely with her subordinates as well as with other departments and get better results. Therefore, we can conclude that she is exhibiting human relations skills as she considers the comfort of others and tries to maintain healthy relationships with them.

3 0
3 years ago
Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10
Leto [7]

Answer:

2.23 is the price earnings ratio.

Explanation:

Firstly we must find the Earnings per share for this problem as it is needed to calculate the price earnings ratio so earnings per share = (Net income)/(Number of shares outstanding).

we are given net income of $401000 then to obtain number of shares outstanding for 2015 are $267000/$10 as we saw the company's common stock account balance all year long was that value of which each share has a par value of $10, then we get outstanding shares which are 26700 now we calculate the earnings per share (EPS) by using the above formula with substituting the above mentioned values :

Earnings Per Share= $401000/26700

                              = $15.01872659

now we will use the Price Earnings Ratio formula which is

Price Earnings Ratio = (current share price)/(earnings per share )

we have been given a current share price of $33.50 now we will use the earnings per share which was calculated above.

Price Earnings Ratio = $33.50/$15.01872659

                                   = 2.230548628 then we round off the answer to two decimal places

Price Earnings Ratio = 2.23

4 0
3 years ago
Companies employing total quality management (TQM) programs know that Multiple Choice quality control should be incorporated onl
ladessa [460]

Answer:

<u>TQM requires constant improvements in all areas of the company as well as employee empowerment.</u>

Explanation:

As the name implies, total quality management requires constant improvements in all areas of the company as well as employee empowerment.

In other words, the company expects 99.99% accuracy in all areas of operations which should also include employee empowerment so that they can better meet quality standards.

4 0
3 years ago
The general common law rule on contract modifications holds that an agreement to modify an existing contract requires a(n):
dlinn [17]
<span>agreement to modify an existing contract would be the answer</span>
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3 years ago
Customer value can be defined as Multiple choice question. obtaining a product or service at the lowest price possible, regardle
Paladinen [302]
That’s crazy math right there am I right
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3 years ago
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