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
Dmitry_Shevchenko [17]
3 years ago
11

Suppose at December 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer Oakl

ey Inc.: ending inventory $170,000; beginning inventory $125,000; cost of goods sold $351,050 and sales revenue $761,000.
a. Calculate the inventory turnover for Oakley, Inc.
b. Calculate the days in inventory for Oakley, Inc.
Business
1 answer:
Leviafan [203]3 years ago
4 0

Answer and Explanation:

The computation is shown below:

a. The inventory turnover is

= Cost of Goods Sold ÷  Average Inventory

= $351,050 ÷ ($170,000 + $125,000) ÷ 2

= $351,050 ÷ $147,500

= 2.38 times

b. Now days in inventory is

= 365 ÷ inventory turnover ratio

= 365 ÷ 2.38 times

= 153.36 days

You might be interested in
The aggregate demand curve Multiple Choice is upsloping because a higher price level is necessary to make production profitable
satela [25.4K]

Answer:

shows the amount of real output that will be purchased at each possible price level.

Explanation:

The aggregate demand curve plots the relationship between aggregate price and output. It is downward sloping. The higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. It shows the quantity of output that would be purchased by consumers at every level of price.

4 0
3 years ago
31.Outdoor Sports paid $12,500 in dividends and $9,310 in interest over the past year. Sales totaled $361,820 with costs of $267
nikitadnepr [17]

Answer:

$70,056

Explanation:

Per the above information, we need to calculate first, the Earnings before interest and tax (EBIT).

Sales

$361,820

Less: costs

($267,940)

Less: Depreciation expense

($16,500)

Earnings before interest and tax (EBIT)

$77,380

The next step is to calculate the applicable tax rate.

Tax [$77,380 - $9,310] × 0.35

$23,824.50

We will then calculate the Operating cash flow.

Earnings before interest and tax (EBIT)

$77,380

Add back depreciation expense

$16,500

Less tax

($23,824.50)

Operating cash flow (OCF)

$70,056

Therefore, the amount of operating cash flow is $70,056.

7 0
3 years ago
In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical dow
inessss [21]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. As a result, the government can raise $800 per month in tax revenue.

We need to find the level of demand that allows the government to raise $800 per month.

Q=Total Tax/Unitary Tax

Q= 800/5

Q= 160

The new equilibrium is 160 units. Therefore, the equilibrium has fallen 40 units.

6 0
4 years ago
what kinds of techniques have people employed to increase agricultural practices? how did norman borlaug help inaugurate the gre
kolbaska11 [484]

Answer:

no b

Explanation:

beacuse i did the test

5 0
3 years ago
For each item, state how it should be shown in the statement of cash flows for 2022. (a) Issued bonds for $200,000 cash. Choose
Anna35 [415]

Answer:

a) cash inflows from financing activity

b)Cash outflows from investing activity

c)Cash inflow from investing activity

d) Cash outflows from financing activity

Explanation:

8 0
3 years ago
Other questions:
  • ​the exhibit given below shows the supply curve of printing machines. at a price of $400 per machine, the producer surplus is:
    14·1 answer
  • ou might be an information systems worker if you _________. a. prefer a slow-paced environment, where technology rarely changes
    15·1 answer
  • Which statements are true (for a firm without non-operating income or expenses)? EBIT _____.
    15·1 answer
  • Production Budget
    15·1 answer
  • Jeremiah flies an airplane for 2.7 hours at an average speed of 304.6 miles per hour. How far did Jeremiah fly?
    10·1 answer
  • "A carpet cleaning company charged $99.99 to clean 3 rooms in a house and $29.99 for each extra room. What is the total amount o
    7·1 answer
  • If a country is taking action to increase its overall productivity and make sure
    6·2 answers
  • Your text talks about free trade areas, customs unions and common markets. It also discusses basic principles of the WTO, includ
    10·1 answer
  • You want to buy your dream car which will cost you $5900. If you could invest your entire savings of $3500 at an annual interest
    14·1 answer
  • Please help me........
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!