Mako Industries is considering changes in its working capital policies to improve its cash flow cycle. Mako's sales last year were $6 million (all on credit), and its net profit margin was 10%. Its inventory turnover was 7.0 times during the year, and its DSO was 42 days. Its annual cost of goods sold was $4.2 million. The firm had fixed assets totaling $700,000. Mako's payables deferral period is 42 days. Assume Mako holds negligible amounts of cash and marketable securities, calculate its total asset turnover.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Retail industry fundamentals credential exam,part 1 all answers

Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?