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igomit [66]
3 years ago
9

The following information was available for the year ended December 31, 2013: Net sales $ 803,000 Average accounts receivable fo

r the year $ 38,700 Cost of goods sold 598,600 Accounts receivable at year-end 30,800 Average inventories for the year 162,000 Inventories at year-end 157,450 Required: a. Calculate the inventory turnover for 2013. (Round your answer to 2 decimal places.)
Business
1 answer:
WARRIOR [948]3 years ago
8 0

Answer: 3.70  

Explanation: Stock turnover can be calculated using following formula :-

stock\:turnover\:ratio=\frac{cost\:of\:goods\:sold}{average\:stock}

where,

cost of goods sold =598,600

average stock = 162,000

now, putting the values into equation above, we get :-

stock\:turnover\:ratio=\frac{598,600}{162,000}

                                           = 3.70

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Benkemel Corp., an industrial chemicals manufacturer in Noemern, has entered a foreign market. It now plans to establish a chemi
bagirrra123 [75]

Answer:

A. Company Strategy

Explanation:

All the above options are factors to be considered when establishing plant in a new country, but only the company strategy is a QUALITATIVE factor.

Company Strategy

Company strategy, also called business strategy are competitive moves and actions that a company uses to attract customers, compete successfully, strengthen efficiency and achieve company's goal. The company would have strategy to improve external reputation, labour relations, product quality and so on in the new country.

It involves combination of all the decisions taken and actions performed by the company to accomplish it's goals and to secure a competitive position in the market

5 0
3 years ago
6. Problems and Applications Q6 Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy
DaniilM [7]

Answer: The answer is given below

Explanation:

True.

It is true that Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets.

False.

The high rate of the tax doesn't guarantee that it will bring about a large revenue. It should be noted that due to the rise in the tax rate, the revenue of the citizens will start to decrease. Here, we are even talking about a tax rate of 10,000 percent, this is a very high rate and can even lead to the tax revenue to almost be at zero level.

Senator Moynihan have proposed the tax rate in order to discourage the use of hollow-tipped bullets. He believed due to the high rate of tax, this will discourage people from purchasing it and hence lead to reduction in crime rate and other social vices associated with gun killing.

5 0
3 years ago
Tanouye Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Ho
kodGreya [7K]

Answer: 16.8 hours

Explanation:

The throughput time will be calculated thus:

Inspection time = 0.5

Add: Process time = 2.6

Add: Move time = 2.2

Add: Queue time = 11.5

Throughput time = 16.8 hours

Therefore, the throughput time will be 16.8 hours.

7 0
3 years ago
Andy’s business is not able to pay its debts, and the prospects for its finances to improve are slim. Andy decides not to contin
aalyn [17]

Answer: a. Chapter 7

Explanation:

Chapter 7 bankruptcy is a type of bankruptcy that allows trustee to sell a few of one's property in other to repay creditors. It also allows the cancelation of some debt. The chapter 7 bankruptcy is also known as straight or liquidation bankruptcy and it is the most commonly used especially by individuals.

3 0
3 years ago
Identify the career that matches each description.
mariarad [96]

Answer:

You didn’t provide a list so I came up with possible answers.

Choreographer

Writer

Actor/Actress

Director

8 0
3 years ago
Read 2 more answers
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