Business, 13.08.2021 05:00 mariap3504
Your company sells $469,300 of goods during the year that have a cost of $398,600. Inventory was $29,783 at the beginning of the year and $34,038 at the end of the year.
Use the information above to answer the following question. What is the inventory turnover ratio?
A) 2.2 times
B) 13.4 times
C) 14.7 times
D) 12.5 times
Answers: 3
Business, 21.06.2019 15:20
Assume a firm's production process requires an average of 80 days to go from raw materials to finished products and another 40 days before the finished goods are sold. if the accounts receivable cycle is 70 days and the accounts payable cycle is 80 days, what would the operating cycle be?
Answers: 1
Business, 21.06.2019 19:40
Bear, inc. estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year. they have, and desire, a 25% ending inventory of finished goods. each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. the remainder is received in the quarter following sale. cash collections for the third quarter are budgeted at
Answers: 3
Business, 21.06.2019 20:40
Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent
Answers: 3
Business, 22.06.2019 03:50
John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is:
Answers: 1
Your company sells $469,300 of goods during the year that have a cost of $398,600. Inventory was $29...
Mathematics, 13.07.2019 01:50
History, 13.07.2019 01:50
Advanced Placement (AP), 13.07.2019 01:50
History, 13.07.2019 01:50
Geography, 13.07.2019 01:50
Chemistry, 13.07.2019 01:50
Mathematics, 13.07.2019 01:50
Mathematics, 13.07.2019 01:50
Mathematics, 13.07.2019 01:50
Physics, 13.07.2019 01:50
History, 13.07.2019 01:50