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
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)

You might be interested in
A large manufacturing business has hired you as a fraud detection specialist. The first day on the job your boss tells you she h
bezimeni [28]

Answer:

Benford's Law predicts the frequency of leading digits using base-10 logarithms which predict that specific frequencies will decrease from 1 to 9.

It predicts that in a large set of data, the leading digits will be as following:

<u>Leading number</u>                         <u>Probability of appearance</u>

       1                                                              30%

       2                                                             18%

       3                                                             12%

       4                                                             10%

       5                                                              8%

       6                                                              7%

       7                                                              6%

       8                                                              5%

       9                                                              4%

Benford's Law is used by forensic accountants since people who fabricate data figures tend to distribute the leading digits uniformly. If you compare the distribution of the leading digits of the data sample with the expected distribution using Benford's Law you can detect any anomaly (e.g. if number 3 shows up 30% of the time instead of around 12%).

3 0
3 years ago
A company purchased a new delivery van that cost
Whitepunk [10]

Explanation:

what was the cost of the van?

7 0
3 years ago
Read 2 more answers
Colortime bakers wants to make 30 pounds of a berry mix that costs $3 per pound to use in their pancake mix. they are using blue
LuckyWell [14K]
We know that the total cost will be 30 lb * $3/lb = $90. We can thus set up an equation such that: 90 = 3.5*b + 2*(30-b), where b is the weight of blackberries and 30-b represents that which is not blackberries, that is, the blueberries.   
We solve the equation as: 
 90 = 3.5b +60 -2b = 1.5b + 60
 30 = 1.5b
 b = 20
  Thus 20 lbs of blackberries (and 10 lbs of blueberries) are needed.
5 0
3 years ago
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 21% and a standard devi
irakobra [83]

Answer:

A) 29%

Explanation:

W= (.14-.05)(.39^2)-(.21-.05)(.20)(.39)(.4)

(.14-.05)(.39^2)+(.21-.05)(.20^2) - (.14-.05+.21-.05)(.20)(.39)(.4)

B = 71% A =1-0.71= 29%

σ2rp = (.292)(.392) + (.712)(.202) + 2(.29)(.71)(.39)(.20).4

σ2rp = .045804

σrp = 21.4%

3 0
3 years ago
Suppose recent regulatory reforms relating to credit rating agencies are perceived to improve the reliability and accuracy of cr
damaskus [11]

Answer:

If the new reforms bring increase confidence of the investors then the company will have to incur lower borrowing costs as the investor will be available and vice versa.

Explanation:

Suppose that previously our company's credit rating was overrated. Due to recent regulatory reforms, my company achieved a lower credit rating and hence the investor confidence in our company dropped significantly. Now the investor is not interested to invest in my company and to urge them to invest in the company, they will be offered higher interest. If the reforms are going to impact our credit rating adversely then the borrowing cost will increase and vice versa.

Furthermore, Core Principle 3 says that the decsion making of the investor is based on the information that is readily available to him. This means if the reforms increase the access of the borrower through improved credit rating then it will be favourable for the company in terms of lower borrowing costs. If the reforms decrease the access of the borrower through depreciating credit rating then it will adversely affect the company in terms of lower borrowing costs and lower investment access.

5 0
3 years ago
Other questions:
  • The residential division of Prism's high-speed Internet service uses one advertising agency, while its commercial division uses
    15·1 answer
  • Consider the different characteristics of the aggregate demand curve the statements below, determine which curve is being descri
    7·1 answer
  • Finish this sentence... I believe car loans are
    5·1 answer
  • Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soda an
    12·1 answer
  • Joe regularly positions dies by hand into a machine press. he is beginning to experience cramps in his right hand. which action
    7·1 answer
  • A consumer is someone who uses goods and services, which usually cost money.
    14·1 answer
  • During its most recent fiscal year, Dover, Inc. had total sales of $3,060,000. Contribution margin amounted to $1,430,000 and pr
    11·1 answer
  • make your own meme for points! But I swear if there is no good memes brainly sucks now because their used to be amaaaaaaaaaazing
    15·2 answers
  • The group of people within an organization who make business buying decisions are best described as _______.
    13·1 answer
  • Describe the advantages and disadvantages of advertising and other promotional tools.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!