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
Artemon [7]
3 years ago
13

A manufacturing company has annual sales of $180,000 and inventory of $40,000. The inventory turnover ratio for the company is _

_________.
Business
1 answer:
NISA [10]3 years ago
6 0

Answer:

4.5

Explanation:

Inventory refers to the goods that a company has in its stock. Inventory includes raw materials and finished goods sold by the company.

Inventory turnover refers to the number of times a company sells and replaces its inventory during a given period.

Annual sales of a manufacturing company =\$180,000

Inventory =\$40,000

Inventory turnover ratio for the company = Sales/Inventory

=\frac{180,000}{40,000} =4.5

You might be interested in
The advanced machinery used for limestone quarrying in a particular region leads to noise pollution and affects the hearing abil
Tanzania [10]

Answer:

A. Recent environmental research reveals that the dust from the limestone quarrying site has severely contaminated the water at a nearby lake.

Explanation:

The limestone production results in huge social effects like, noise pollution, soil pollution, which affects lives of people. And since the manufacturers or producers of limestone do not care about the social results of such production, they shall be liable to pay huge taxes.

As for this, the cause as stated in statement A is absolutely suitable.

Also the prices are more in this area even after so much of social destruction.

Accordingly high taxes as a penalty for such social destruction shall be charged.

4 0
4 years ago
Automakers began rewarding dealers with financial incentives long before dealership customers started getting them, too. Recipie
frozen [14]

Answer:

Spiff

Explanation:

Spiff: It is an financial incentive paid by manufacturer or employer to the salesperson for directly selling it´s product., sometime it is paid on achieving sales target by salesperson. It encourage seller to make more sales. Spiff stand for Sales performance Incentive Fund and it is paid quicker than commission.

In the given case, Automaker is paying spiff to dealers to encourage sales of it´s own brand over a competitor's product sold at the same store.

8 0
3 years ago
Selling the bonds at a premium has the effect of a. raising the effective interest rate above the stated interest rate b. causin
Andreyy89

Answer:

B. causing the interest expense to be lower than the bond interest paid

Explanation:

3 0
3 years ago
g . Kings Donut Inc common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual d
Simora [160]

6.29% is the rate of growth

<u>Explanation:</u>

<u>The following formula is used </u>

Price = D1 / ke -g

39.86 = 1.2 multiply with (1 + g) / 0.095 - g

3.7867 – 39.86 g = 1.2 + 1.2 g

2.5867 = 41.06 g

Now, we have to calculate the value of g  

g = 2.5867 divide 41.06

= 0.0629  

= 6.29 %

Where:

G = growth, ke = market rate of return, D1 = dividend ( annual), P = price of the share of company

7 0
3 years ago
How manny people went to collage, and wish they hadn't? (This year.) (Average)
Anna007 [38]
Around 22 % this year alone.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Dave’s Dogs is a firm that originally sold hotdogs and soft drinks from a cart located in front of City Hall. Then Dave purchase
    5·2 answers
  • Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual
    12·1 answer
  • TMegan receives a phone call from her insurance agent. The agent informs her that although she has homeowner's insurance and car
    7·1 answer
  • While driving to school, Brandon thinks about his upcoming midterms. When he reaches campus, he realizes that he doesn't remembe
    10·1 answer
  • If a company is considering the purchase of a parcel of land that was acquired by the seller for $94,000, is offered for sale at
    11·1 answer
  • Schwert Corp. shows the following information on its 2019 income statement: sales = $235,000; costs = $147,000; other expenses =
    6·1 answer
  • Leach Inc. experienced the following events for the first two years of its operations:
    10·1 answer
  • You sell 10 cups of lemonade for 1.50 each. You spent $5.00 on lemons and $1.00 for a bag of ice. What is your profit or loss?
    14·2 answers
  • One of the great dangers in allocating common fixed Blank 1 of 1 costs is that such allocations can make a product line look les
    5·1 answer
  • What is one reason why a business may incorporate a dress code?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!