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katovenus [111]
3 years ago
5

Endor Company begins the year with $110,000 of goods in inventory. At year-end, the amount in inventory has increased to $118,00

0. Cost of goods sold for the year is $1,300,000. Compute Endor’s inventory turnover and days’ sales in inventory. Assume that there are 365 days in the year
Business
1 answer:
Arada [10]3 years ago
5 0

Answer:

11.40

32 days

Explanation:

Inventory turnover and days of sales of inventory are examples of activity ratios.

They are used to measure the efficiency of performing daily tasks

inventory turnover =  Cost of goods sold/ average inventory

Average inventory = ($118,000 + $110,000) / 2 = $114,000

Inventory turnover =  $1,300,000 / $114,000 = 11.40

days of sales of inventory = 365 / inventory turnover = 365 / 11.40 = 32 days

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muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

GDP per capita, income per capita or income per capita is an economic indicator that measures the relationship between the level of income of a country and its population. For this, the Gross Domestic Product (GDP) of said territory is divided by the number of inhabitants.

The use of per capita income as an indicator of wealth or economic stability of a territory makes sense because through its calculation, national income is interrelated (through GDP in a specific period) and the inhabitants of this place.

The objective of GDP per capita is to obtain data that shows in some way the level of wealth or welfare of that territory at a given time. It is often used as a measure of comparison between different countries, to show differences in economic conditions.

4 0
3 years ago
_____ function of management is when a manager is responsible for organizing a staff and making sure the staff members have the
BARSIC [14]

The organizing function of management is when a manager is responsible for organizing staff and making sure the staff members have the necessary resources to do their jobs. This is further explained below.

<h3>What is the Organizing function of management?</h3>

Generally, In order to achieve goals, the role of management is to establish an organization's structure and allocate human resources.

In conclusion, Management's organizing role is to ensure that employees are properly organized and equipped to carry out their duties.

Read more about  management

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6 0
1 year ago
Stricter environmental regulations and increased demand for energy have caused an increase in the demand for relatively clean na
scoray [572]

Answer:

D) Quantity sold rose while the effect on price is ambiguous.

Explanation:

Two separate things happened here;

  • Change in consumer habits have shifted the the demand curve to the right, increasing the quantity demanded at every price level.
  • Better technology and lower costs have also shifted the supply curve to the right, increasing the quantity supplied at every price level.

One thing is certain, the quantity demanded and supplied increased, so the total quantity sold definitely increased. The price issue is not certain because you would need additional information about which shift was larger, the shift of the supply curve or the demand curve.

5 0
3 years ago
Law Office employ 12 full-time attorneys and 5 paraprofessionals. Budgeted salaries include $100,000 for each attorney and $30,0
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Answer:

See below

Explanation:

Given the above information,

= ($110,000 × 12 + $30,000 × 5) / 60,000 × 1,000

= ($1,320,000 + $150,000) / 60,000,000

= $1,470,000 / 60,000,000 + $300,000/60,000) × 1,000

= $0.0245 + $5,000

= $5,000

7 0
2 years ago
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Mariulka [41]

Answer:

predatory pricing

Explanation:

Based on the scenario being described within the question it can be said that in this case, Penny Bank is using predatory pricing. This is an approach to pricing in which a company lowers prices to really low levels in order to steal customers from their competitors and drive out the new competitors from the market, since they will not be able to match or sustain those low prices and will eventually go bankrupt.

5 0
3 years ago
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