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
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

You might be interested in
Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par valu
kifflom [539]

Answer:

December 31, 2021

Debit : Dividends $28,500

Credit : Shareholders for Dividends $28,500

Explanation:

The Dividends declared present a present obligation by the entity to its shareholders.

5 0
3 years ago
If customers can see data about themselves on the business' computer system, it will enable them to ____________
Bond [772]

If customers can see data about themselves on the business' computer system, it will enable them to make better and more informed decisions.

<h3>How do information systems help businesses?</h3>

Business Information System, eases the process of decision making and simplifies the process of delivering the required information and hence assists in taking better decisions instantly. Business Information System (BIS) can be effectively implemented to help communication better between the employers and the employees.

To know more about business Information systems, refer to:

brainly.com/question/3622510

#SPJ4

7 0
2 years ago
NEED HELP ASAP
katovenus [111]

Pierre engaging in such actions is known as rationalizing.

When a person rationalizes a decision they:

  • <em>T</em><em>ry to prove that what they did isn't bad </em>
  • <em>C</em><em>ome up with some sort of reasoning to support their decision </em>

Pierre is clearly doing something wrong here by increasing expenses more than they are supposed to be. He however convinces himself that what he is doing is not bad because no one will notice.

He is therefore coming up with reasons to prove that what he is doing is not bad and we can conclude based on this fact that he is engaged in rationalizing his behavior.

<em>Find out more at brainly.com/question/14453354.</em>

7 0
2 years ago
P&amp;T Inc.
iVinArrow [24]

Answer:

A short-term inducement of value offered to arouse interest in buying a product or service

Explanation:

Sales promotion can be defined as a process of trying to get a potential customer to buy the product by persuading them. Sales promotion a short-term tactic used for the purpose of boosting sales. As a method of building long-term customer loyalty, it is barely suitable. Sales promotions are aimed at getting consumers interested in purchasing a product or service.

3 0
3 years ago
Which is not capital? the computer used by an accountant the person whose photograph is snapped by the candid photographer the p
Dmitry_Shevchenko [17]

The answer is: the person whose photograph is snapped by the candid photographer.

Capital refers to accumulation of assets that is owned by a certain individual or organization that can be used to generate more income.

Candid photographers only take picture of the environment around them naturally (without any edits or settings). This mean that the person who is being photographed is not being paid. Since that person does not generate income, it cannot be considered as a capital.

4 0
4 years ago
Read 2 more answers
Other questions:
  • Xuechen graduated from culinary school at the top of her class, and signed an employment contract to work as a chef for one of C
    13·2 answers
  • The ceo of big wheel automotive is concerned about declining sales. he has identified his research problem as the fact that his
    11·1 answer
  • How do contact lists differ from an address book?
    13·1 answer
  • You are a medium-size company that manufactures televisions. Your workstations are set up so a machine operatoris
    5·1 answer
  • What causes a liability to be credited and an expense to be debited?
    15·1 answer
  • Norris Company declared cash dividends of $60,000 during the year. Cash dividends payable were $20,000 at the beginning of the y
    7·1 answer
  • The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows before its recent stock divide
    13·1 answer
  • Depreciation calculation methods—partial year Freedom Co. purchased a new machine on July 2, 2013, at a total installed cost of
    9·1 answer
  • Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
    10·1 answer
  • Are good places to look to find your current expenses when building your budget.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!