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rusak2 [61]
3 years ago
6

Zhang Company reported Cost of goods sold of $835,000 and ending Inventory of $41,750. The Days' sales in inventory (rounded to

whole days) is:_______
a. 7 days.
b. 418 days.
c. 56 days.
d. 18 days.
e. 20 days.
Business
1 answer:
vazorg [7]3 years ago
8 0

Answer:

d. 18 days.

Explanation:

The Days' sales in inventory measures the number of days taken to sell inventory in a period.

The Days' sales in inventory formula is provided below:

Days Sales of Inventory = (Ending Inventory / Cost of Goods Sold) x 365

Ending inventory=$41,750

cost of goods sold =$835,000

Days Sales of inventory=($41,750/$835,000)*365

Days Sales of inventory=18.25 (18 when rounded to whole day)

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All of the following are organization-directed benefits associated with offering unconditional guarantees except: a. the guarant
kotykmax [81]

Answer:

All of the following are organization-directed benefits associated with offering unconditional guarantees except:

a. the guarantee provides a means to avoid bankruptcy.

Explanation:

Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy.  Bankruptcy arises from inadequate financing resulting from overtrading.  Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.

3 0
3 years ago
Crane Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2014. The subsidiary ledger contains
kondor19780726 [428]

Answer:

$4,375

Explanation:

Given that,

Crane Company balance = $9,250

Balance of Hale company = $3,000

Balance of Janish company = $1,875

January 1 balance in the Valdez Company subsidiary account:

= Crane Company Accounts Payable control account + Hale Company balance + Janish Company balance

= $9,250 + $3,000 + $1,875

= $4,375

5 0
3 years ago
On december 31, 2014, extreme fitness has adjusted balances of $940,000 in accounts receivable and $83,000 in allowance for doub
BaLLatris [955]
To record the write-off of receivables:

Allowance for doubtful accounts ----------------------------$24,000
            Accounts Receivable -----------------------------------------------$24,000

To record the accounts receivable collected from the written-off receivable, first restore the accounts receivable with the following entry:

Accounts Receivable ------------------------------------------$1,900
           Allowance for doubtful accounts ------------------------------$1,900

To record the collection of accounts receivable:

Cash -----------------------------------------------------------------$1,900
           Accounts Receivable ----------------------------------------------$1,900

Or, the direct journal entry to record the collection of previously written-off accounts receivable is: 

Cash ---------------------------------------------------------------$1,900
          Allowance for doubtful accounts ------------------------------$1,900
8 0
3 years ago
Investigating communication in the workplace by finding optimal ways to set up a communication network system for employees who
andrew11 [14]

Answer:

Cybernetic approach

Explanation:

Cybernetic approach is the method or the approach for exploring the system of the regulatory, its possibilities, structures and constraints. It involve the study of derived concepts, feedback and black boxes like the communication and the control in business and living organisms, involving the self - organization.

Therefore, when the communication is investigated at the workplace through finding the optimal methods which is set up for the communication network system for the employees who telecommute, states the cybernetic method to communication.

4 0
4 years ago
A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0
4 years ago
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