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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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8 0
3 years ago
At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages.
Tom [10]

Answer:

quantity demanded equals quantity supplied

Explanation:

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3 years ago
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
OlgaM077 [116]

Answer:

$14,837

Explanation:

Calculation for what The adjusted cash balance should be

Bank balance$14,237

Add Deposit in transit$4,500

Less Outstanding checks ($3,900)

Adjusted bank balance$14,837

($14,237+$4,500-$3,900)

Book balance$13,162

Less Bank service fees ($50)

Add Note collected $1,725

Adjusted book balance$14,837

($13,162-$50+$1,725)

Therefore The adjusted cash balance should be:

$14,837

8 0
3 years ago
Anna recently moved to Boston in order for her husband Joe to begin a new job as an economics professor at Harvard. Anna is an e
kirill115 [55]

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uh

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8 0
3 years ago
On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,700,000 for $5,000,000. Rigsby appropriately uses the i
xxTIMURxx [149]

Answer:

$127,400

Explanation:

Gross profit ratio = [(sale - cost) ÷ sale price] × 100

                           = [($5,000,000 - $3,700,000) ÷ $5,000,000] × 100

                          = 0.26 × 100

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= $127,400

5 0
3 years ago
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