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
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

You might be interested in
IMA GOIN BROKE FROM THESE GIVAWAYS BUT HERES MORE POINTS
KIM [24]

Answer:

TYSM YOU ARE AMAZING

Explanation:

5 0
3 years ago
Read 2 more answers
What is the percentage return on a stock that was purchased for $48.40, paid a $1.67 dividend, and was then sold after one year
Marysya12 [62]

Answer:

-1.10%

Explanation:

Calculation for percentage return on a stock

Stock percentage return=$46.20 + 1.67 - 48.40)/$48.40

Stock percentage return= = -.0110*100

Stock percentage return=-1.10%

Therefore the percentage return on a stock is -1.10%

7 0
3 years ago
Which items are consequences of globalized trade for a developed nation that begins to import more goods and services from less-
Vaselesa [24]

Answer:

Globalization has resulted in great opportunities for businesses from less developed countries to take a hold over the more and much bigger markets from all over the world. Hence, the business over there has the opportunity for better capital flow, human capital, technology, larger export, and low-cost imports, And since they export their products at lower rates, the developed countries import from them more goods and services to save capital.

However,

1. These products lack quality.

2, And they are more prone to defects as well as wear and tear, as a developed country's technology is far superior to those of developing countries. However, now the developing countries are picking up the speed, and coming up with better technology to match that of developed, because of better education facilities, and proper training.

Explanation:

Please check the answer.

5 0
3 years ago
_____ is a teamwork skill that salespeople must apply in the process of building internal partnerships.
Brut [27]
<span>Teamwork is a must necessary for any kind of business setup to grow. Salespeople have to build internal partnerships through teamwork by understanding the other team members and clarifying expectations. Fulfilling the commitments and focusing on little things too also help in achieving the goals. They must attend to the little things if they want to succeed.</span>
6 0
3 years ago
What term refers to a set amount of money kept in the cash register to make change with?
Semenov [28]
The answer is D. Cash float. At the start of every shift in the retail business your register should always start with a specific amount in it and that amount depends on your place of employment
3 0
3 years ago
Other questions:
  • Which of the following is an example of a functional team? a. A plastic surgeon, a dentist, a nurse, and a health insurance spec
    8·2 answers
  • What is the exclusive control of a product and the means of producing it with no regard for quality or customer needs?
    14·1 answer
  • . The organizers of a conference in the Houston Convention Center are evaluating the possibility of setting up a computer area w
    6·2 answers
  • ​Martinville, Inc. earned revenues of $10,000 and incurred expenses of $7,500. The company declared and paid cash dividends of $
    11·1 answer
  • Camille transfers property with a tax basis of $800 and a fair market value of $1,200 to a corporation in exchange for stock wit
    5·1 answer
  • As a company grows, it may become necessary for it to create a(n) ______, which is a visual display of the organizational struct
    11·1 answer
  • Consider a product with a daily demand of 400 units, a setup cost per production run of $100, a holding cost per unit of $24.00,
    5·1 answer
  • Henry has a $10,000 car insurance policy with a $400 per claim deductible. Henry is involved in an accident, and his car sustain
    14·1 answer
  • Emily is a writer. She buys pens and paper for $20 and writes a 500-page novel that she sells to a publishing company for $500,0
    9·1 answer
  • What is the benefit in reaching the absolute advantage in the production of one good?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!