Inventory Analysis
A company reports the following:
Cost of goods sold $689,850
Average inventory 76,650
Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.
a. Inventory turnover b. Number of days' sales in inventory
Answers
a. The inventory turnover is approximately 9.0.
b. The number of days' sales in inventory is approximately 40.6.
To calculate the inventory turnover and the number of days' sales in inventory, we can use the following formulas:
a. Inventory turnover = Cost of goods sold / Average inventory
b. Number of days' sales in inventory = 365 days / Inventory turnover
Given the information provided:
Cost of goods sold = $689,850
Average inventory = $76,650
a. Inventory turnover:
Inventory turnover = $689,850 / $76,650
Inventory turnover ≈ 9.0
b. Number of days' sales in inventory:
Number of days' sales in inventory = 365 days / 9.0
Number of days' sales in inventory ≈ 40.6
Therefore:
a. The inventory turnover is approximately 9.0.
b. The number of days' sales in inventory is approximately 40.6.
Learn more about inventory here:
https://brainly.com/question/31827018
#SPJ11
Related Questions
Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
. QUESTION 1 Your Business Studies educator has requested you and your two friends to sell the following food items during break at the school tuckshop. • Pie Chips Hot cakes Bananas and apples 1.1. Develop a questionnaire with 4 items that will help you to determine various preferences from other learners. Note that your research sample should consist of the following • All grades (8-12) must be represented. Include both male and female learners. (8) 1.2. Write a report about all your findings (8)
Answers
Answer:
I don't know
Explanation:
Just because
What should a writer do after writing an initial draft of a business message?
Answers
Writers finalize their thoughts, such as sentences and paragraphs, throughout the drafting process. The writer makes sure the reader can understand his message by how he arranges his ideas.
What does the initial draft mean?The initial Draft refers to the first version of a legal document that has been written in a concise and understandable manner and is prepared for review by the appropriate authority while taking into consideration the actual and immediate requirements of the topic.
Lay it to rest. The hardest thing might be this. The entire thing should be read once. Revise. Reread it out loud this time. Make any necessary corrections. Construct a synopsis. Publish a cover letter. Determine who you should address the query letter to and then submit it.
Learn more about The Initial Draft here:
https://brainly.com/question/13867933
#SPJ1
In which of the following situations would it be MOST beneficial to hire a financial adviser?
A. I’m a senior in college, am about to graduate, and need to create a plan for paying off my student loans.
B. I have a car loan, a large student loan, and a backlog of unpaid medical bills that I’m struggling to keep up with.
C. I’m having a hard time tracking my expenses and income, and want to establish a solid monthly budget to better manage my money.
D. I have a $1,250 credit card bill with a 22% interest rate that I’m trying to pay off.
Answers
a financial adviser is there to guide you, not to help you pay off bills
why drill should be performed in single beat?
Answers
Answer:
Once your body gets used to a certain movement your muscle are ready for it just about everyday. If you dont do it all at once then you wont be getting all the stuff that you want.
Explanation:
Stephenson, a corporate executive, earns a salary of $500,000 per year. in addition, stephenson owns and participates in a separate business. the business produces a loss of $75,000 during the year. if stephenson materially participates in the business, the $75,000 loss is an active loss that may offset stephenson's active income from the corporate employer.
Answers
Yes, if Stephenson materially participates in the business, the $75,000 loss is an active loss that may offset Stephenson's active income from the corporate employer.
This means that Stephenson's taxable income from the corporate employer can be reduced by the amount of the business loss. This can result in a lower overall tax liability for Stephenson.
The amount that a person, company, or other entity owes to a federal, state, or local tax authority is known as their tax liability. In general, you owe taxes when you earn money or make gains off of the sale of an investment or other item.
To know more about tax here
https://brainly.com/question/29762199
#SPJ4
Explain your understanding of the closing process by choosing the correct statements below. (Check all that apply.) Multiple select question. the closing process helps to determine a company's liquidity. the closing process resets the balances in temporary accounts to zero. the closing process helps to summarize a period's revenues and expenses. the closing process is a helpful step in preparing financial statements.
Answers
Answer:
Resets the balances to zero
The closing process helps to summarize a period's revenues and expenses and resets the balances in temporary accounts to zero. Thus, options B and C are correct.
What is the closing process?The word “closing process” describes a set of operations that had successfully been carried out in order to officially end and effectively close certain responsibilities, operations, and constituent pieces of a certain program or segment of a venture.
In the closing process, the people have to summarize or take the account all the expenses or the process that the person has obtained.
This means that the person needs to maintain all the books till the last date for any order to do that they also have to reset the balance to a temporary one to resolve all the queries and inquiries that they are having a query which they are facing. Therefore, option B and C is the correct option.
Learn more about the closing process, here:
https://brainly.com/question/28488080
#SPJ2
Which of the following will be accomplished by efficient allocations of the factors of production?
guaranteeing economic success
understanding whether a product will fail
fulfilling many needs and wants of society
replenishment of limited resources
Answers
Answer:C
Explanation: Just took the test:)
What will be accomplished by efficient allocations of the factors of production is fulfilling many needs and wants of society
What are factors of production?factors of production can be regarded as those factor that make production possible such as capital and land.
Therefore, fulfilling many needs and wants of society is one of beauty of production.
Learn more about factors of production
https://brainly.com/question/13171394
Data table Ashton Air Purification System Unadjusted Trial Balance December 31, 2024 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Ac
Answers
The following is a data table that shows the unadjusted trial balance of Ashton Air Purification System as of December 31, 2024. The trial balance lists the account titles and their balances in the order of liquidity. The cash account has a balance of $12,500, the accounts receivable account has a balance of $8,400, the prepaid rent account has a balance of $3,600, the office supplies account has a balance of $1,200, the equipment account has a balance of $25,000, and the accumulated depreciation-equipment account has a balance of $10,000. The total debit balance equals the total credit balance, which indicates that the trial balance is in agreement.
About SuppliesSupplies most often refers to a set of tools or other objects commonly used to achieve a certain goal. Different jobs require different types of equipment.
Learn More About Supplies at https://brainly.com/question/29489763
#SPJ11
Despite her position as regional manager for Tyndall Systems, Shawna felt like a[n] _____ every time she attended the monthly sales meeting at Tyndall corporate headquarters.
Answers
Regardless of the fact that she held such a high position, when she went to monthly sales meetings, Shawna felt like a novice
What did the Text say?Talks about how Shawna was getting tired of the sales meetings and work. Talks about how Shawna does not feel like she can keep up any longer.Shawna feels like she no longer has what it takes to be in her position because she always feels like she doesn't know what to do in meetings. She is therefore feels like a novice.
Find out more on the meaning of novices at https://brainly.com/question/8161684.
What do you call a website or e-mail address that is created to look like it comes
from a legitimate source? Choose the answer.
pharming
spoofing
spyware
none of the above
Answers
Answer:
this would be called spoofing.
Spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
What is legitimate source?
Legitimate source is defined as according to the law, something that is legal is acceptable.
It can also be defined as the electoral register is a genuine source of information that is currently available to the public.
A reputable source is defined as the one that has been written by an expert in their field and is free of errors and bias.
A trustworthy source is defined as the one that offers a detailed, well-reasoned idea, argument, or discussion based on solid evidence.
Thus, spoofing is called as a website or e-mail address that is created to look like it comes from a legitimate source.
To learn more about legitimate source, refer to the link below:
https://brainly.com/question/28843892
#SPJ2
Private and public sector organizations that must follow HIPAA provisions are called ____________________.
Answers
Answer:
covered entities
Explanation:
two rivers that helped China develop
Answers
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
Two great rivers run through China Proper: the Yellow River in the north, and the Yangtze (or Yangzi ) River to the south
Which of the following is most likely correct? The P/E ratio is used as a supplemental tool of the P/B ratio. The P/E ratio, by its nature, is a period of time that the firm would have sustainable returns from investing activities. The P/E ratio is one of the ratios that is the target of being manipulated.
Answers
The most likely correct statement among the options provided is: "The P/E ratio is one of the ratios that is the target of being manipulated." The P/E ratio, or Price-to-Earnings ratio, is a financial metric commonly used to evaluate the relative value of a company's stock.
It measures the price investors are willing to pay for each dollar of earnings generated by the company. The P/E ratio can be manipulated by various means, such as adjusting accounting practices, timing of revenue recognition, or managing expenses, in order to present a more favorable valuation. While the P/B ratio (Price-to-Book ratio) is another important financial metric that compares a company's market price to its book value, it is not directly related to the P/E ratio. The statement that the P/E ratio is used as a supplemental tool of the P/B ratio is not accurate. The statement suggesting that the P/E ratio represents a period of time for sustainable returns from investing activities is also incorrect. The P/E ratio reflects market sentiment and expectations regarding future earnings, rather than the duration of sustainable returns. In summary, the most likely correct statement is that the P/E ratio is one of the ratios that can be manipulated.
Learn more about ratio here : brainly.com/question/32331940
#SPJ11
The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answers
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
The key factors in raising standards of living in low-income countries have been increases in
A. technology and knowledge.
B. income and government ownership of resources.
C. capital accumulation and the money supply.
D. foreign aid and population.
Answers
The key factors in raising standards of living in low-income countries have been increases in: technology and knowledge. The correct option is A.
One of the primary drivers of economic growth and development in low-income countries has been technological advancement and increased knowledge. Technology can help to increase productivity, improve efficiency, and reduce costs in a variety of industries, which can lead to economic growth and development.
In addition, advancements in fields such as healthcare, agriculture, and education can have a significant impact on living standards by improving access to basic necessities and services.
Increased knowledge and education are also important factors in raising standards of living in low-income countries. Educated populations are better equipped to participate in the global economy, innovate, and adapt to changing circumstances. Education can also improve health outcomes, reduce poverty, and promote social and economic equality.
While other factors such as income, capital accumulation, and government ownership of resources can contribute to economic growth, technology and knowledge are essential components in improving living standards in low-income countries. The correct option is A.
To know more about technology, refer here:
https://brainly.com/question/11447838#
#SPJ11
which of the following contributed to the decrease in home prices in 2006? check all that apply. the drastic increase in home prices from 2003 to 2006
Answers
The drastic increase in home prices from 2003 to 2006 caused buyers to be less willing to purchase homes, as well as a surplus of housing inventory in the market, both of which contributed to the decrease in home prices in 2006.
What is market?A market is an exchange of goods and services between buyers and sellers. It is a place where buyers and sellers come together to exchange goods and services for money or other goods and services. Markets can be physical places that operate in a certain location or virtual places that are accessed through the internet. Markets can involve the exchange of goods and services between producers, wholesalers, retailers, and consumers. Markets can also involve the exchange of goods and services between countries. The market is an important part of the economic system because it is the mechanism through which goods and services are exchanged and distributed, allowing individuals and organizations to obtain the goods and services they need to meet their needs.
To learn more about market
https://brainly.com/question/24553900
#SPJ1
Complete Question:
The drastic increase in home prices from 2003 to 2006 caused buyers to be less willing to purchase homes.
What is market?A market is an exchange of goods and services between buyers and sellers. It is a place where buyers and sellers come together to exchange goods and services for money or other goods and services. Markets can be physical places that operate in a certain location or virtual places that are accessed through the internet. Markets can involve the exchange of goods and services between producers, wholesalers, retailers, and consumers. Markets can also involve the exchange of goods and services between countries. The market is an important part of the economic system because it is the mechanism through which goods and services are exchanged and distributed, allowing individuals and organizations to obtain the goods and services they need to meet their needs.
To learn more about market, visit
https://brainly.com/question/13414268
#SPJ1
The complete question is as follows:
You estimate your annual revenue to be 50,000 + 20,000y, where y is the number of years in business. What is your estimated revenue in 5 years?
Answers
Answer:
D.) 150,000
Explanation:
Multiply 20,000 by 5 =100,00 then add 50,000
What percentage of all mutual funds are closed end funds.
Answers
Closed-end funds are funds that issue a limited number of shares that trade on stock exchanges and other secondary markets.
They are not redeemable by the issuer, but instead trade at a premium or discount to the net asset value of the portfolio of securities held by the fund. Mutual funds, on the other hand, are open-end funds that issue and redeem shares on a daily basis at net asset value. They are sold to investors through broker-dealers or financial advisors.The percentage of all mutual funds that are closed-end funds is small. According to data from the Investment Company Institute, as of December 2020, there were a total of 9,431 mutual funds in the United States, of which only 504 were closed-end funds. This means that closed-end funds represent less than 5.4% of all mutual funds. In contrast, open-end mutual funds account for the vast majority of mutual funds, representing over 94% of the total.
Therefore, it can be concluded that the percentage of all mutual funds that are closed-end funds is relatively small, at around 5.4%.
To know more about Mutual fund visit-
https://brainly.com/question/22525531
#SPJ11
The organizational structure and organizational culture of a firm are often interrelated. With any organization of your choice, examine what you believe to be their organizational structure and using all three levels of organizational culture to illustrate your points, draw links between the organizational culture and its organizational structure to illustrate how these two aspects of a firm can be intertwined.
Answers
The correct answer to this open question is the following.
I would like to choose the company called "Coops," a Swiss firm dedicated to operating supermarkets in Switzerland and other parts of Central Europe.
Their organizational structure is almost flat, with a dominant matrix work relationship that allows the management and the workers to have more direct and open lines of communication. This kind of organizational structure helps to have a more strong interrelation with the corporative culture in that employees feel more comfortable to establish communication with the hierarchy, are confidente that their opinions and suggestions are going to be taken into consideration, and this organizational climate allows for permanent feedback. This concept strengthens the corporate culture because employees are happy in the workplace, makes them more efficient and productive, behaviors that benefit the company because it allows it to have better results. And more importantly, these happy employees reflect their attitude when they are serving the consumers.
The person being interviewed is known as:
A. potential employee
B. employee
C. job applicant
D. interviewee
Answers
Answer:
D
Explanation:
1. The arc is between the and the base metal.
A. electrode flux
B. tungsten electrode
C. shielded metal electrode
D. electrode holder
Answers
Answer:
B. tungsten electrode
Explanation:
Many times training results are not measured sufficiently and/or correctly to provide valuable assessment data regarding the efficacy of the training. The training objectives need to be clear and tied to specific business goals. The manner of measuring training success should be determined at the beginning such that effective evaluation can be performed post-training and any remedial action or follow-up to the training can be enacted. Scenario: Suppose you are a training leader at a manufacturing company. You have been asked to deliver a report about how you will assess the effectiveness of a new training program your department is going to develop regarding more effective customer service at your call centers and addressing the increased product returns. There have been decidedly too many customers hanging up after holding on the phone line for 5 minutes or more and too many customers doing in-store returns of product. Explain what action would be appropriate to determine if training is necessary and the three areas that would need to be addressed. What information would you want to obtain in each area
Answers
1. Perform an online skills evaluation
2. Examine their tech knowledge
3. Keep an eye on employee motivation;
4. Jobsite observations
5. Review Your Staff's Organizational Structure
6. Question Staff Members Regarding the Current Online Training Program
7. Invite suggestions from the audience
Why is training necessary?Productivity gains – Employees that receive training are more efficient and productive. Employees with good training perform both in terms of quantity and quality. When personnel are effectively trained, less time, money, and resources are wasted.In the workplace, there are three primary categories of training.induction. on-the-job.off-the-job.What three sorts of training requirements are there?Organizational, work team, and individual training needs are the three categories of training requirements.What is an evaluation of training needs and why is it crucial?A training needs assessment determines a person's present level of competence, ability, or knowledge in one or more areas and compares it to the standard of competence necessary for their role or other positions within the business.To learn more about objectives of training visit:
https://brainly.com/question/15047179
#SPJ4
The income statement for the apple-jack partnership for the year ended december 31, 20x5, follows: apple-jack partnership income statement for the year ended december 31, 20x5 net sales $ 300,000 cost of goods sold (190,000 ) gross margin $ 110,000 operating expenses (30,000 ) net income $ 80,000 additional information for 20x5 apple began the year with a capital balance of $40,800. Jack began the year with a capital balance of $112,000. On april 1, apple invested an additional $15,000 into the partnership. On august 1, jack invested an additional $20,000 into the partnership. Throughout 20x5, each partner withdrew $400 per week in anticipation of partnership net income. The partners agreed that these withdrawals are not to be included in the computation of average capital balances for purposes of income distributions. Apple and jack have agreed to distribute partnership net income according to the following plan: apple jack 1. Interest on average capital balances 6 % 6 % 2. Bonus on net income before the bonus but after interest on average capital balances 10 % 3. Salaries $ 25,000 $ 30,000 4. Residual (if positive) 70 % 30 % residual (if negative) 50 % 50 % required: a. Prepare a schedule that discloses the distribution of partnership net income for 20x5. (do not round intermediate calculations. Round your final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. )
Answers
The distribution of partnership net income for 20x5 is $40,339 for Apple and $39,661 for Jack.
This distribution includes interest on average capital balances, bonuses, salaries, and residual income allocated based on their respective ownership percentages.
The schedule that discloses the distribution of partnership net income for Apple-Jack Partnership for 20x5 as required:
1. Calculate average capital balances:
Apple:
Beginning balance: $40,800
Additional investment on April 1: $15,000
Average capital balance: ($40,800 + $15,000/2) = $48,300
Jack:
Beginning balance: $112,000
Additional investment on August 1: $20,000
Average capital balance: ($112,000 + $20,000/2) = $122,000
2. Calculate interest on average capital balances:
Apple: $48,300 * 6% = $2,898
Jack: $122,000 * 6% = $7,320
3. Calculate bonus on net income (before bonus but after interest):
Net income after interest: $80,000 - ($2,898 + $7,320) = $69,782
Apple's bonus: $69,782 * 10% = $6,978
4. Calculate the residual income:
Total income allocated (interest + salaries + bonus): $2,898 + $7,320 + $6,978 + $25,000 + $30,000 = $72,196
Residual income: $80,000 - $72,196 = $7,804
Residual distribution:
Apple: $7,804 * 70% = $5,463
Jack: $7,804 * 30% = $2,341
Distribution of partnership net income for 20x5:
Apple:
- Interest: $2,898
- Bonus: $6,978
- Salary: $25,000
- Residual: $5,463
Total: $40,339
Jack:
- Interest: $7,320
- Bonus: $0
- Salary: $30,000
- Residual: $2,341
Total: $39,661
The distribution of partnership net income for 20x5 is $40,339 for Apple and $39,661 for Jack.
To know more about partnership , refer here:
https://brainly.com/question/12983082#
# SPJ11
When you plan a presentation, how should you make sure you stay on track as you talk?
A. Make a list of general topics and points you want to cover.
B. Write out every word of the presentation on notecards.
C. Memorize every word of the presentation in your head.
D. Have the audience tell you what else you need to talk about.
Answers
Answer:
A make a list
Explanation:
Answer:
It's A. Make a list of general topics and points you want to cover.
Explanation: hope it helps ^w^
If the demand curve shifted more to the right on this graph, which of the following could be the new equilibrium point?
Answers
Answer:
$200
Explanation:
What would CRM software help you
do?
Answers
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
Learn more about CRM software at brainly.com/question/23823339
#SPJ1
What role did designer Carter Bryant play in this intellectual property case? A O MGA Entertainment claimed that his design for Mattel was hurting their profits. O Mattel claimed that he created the design under dispute while working for them. Mattel claimed that he stole his design from one of the employees at their company. O MGA Entertainment claimed that his design was too close to one created by Mattel.
Answers
Answer:
B Mattel claimed that he created the design under dispute while working for them.
Explanation:
edge 2020
The role designer Carter Bryant played in this intellectual property case was that Mattel claimed that he created the design under dispute while working for them.
Thus, the correct option is B.
What is intellectual property?Intellectual property is a type of property that includes intangible human intellect creations. There are many different types of intellectual property, with some countries recognising more than others.
Carter Bryant was a Mattel employee who left the company to work for MGA Entertainment, Inc. Bryant violated his contractual and common law obligations to Mattel, according to a state court complaint filed against him, by failing to disclose his concept sketches and sculptures of the Bratz dolls.
According to Mattel, Bryant's right, title, and interest in any inventions he imagined or put into action while working for Mattel were mutually intended to be assigned to Mattel under the terms of the Inventions Agreement.
Therefore, Mattel claimed that he created the design under dispute while working for them.
Learn to know more about intellectual property on
brainly.com/question/14122883
#SPJ2
It costs $2,500 to send an employee to a three-day seminar. The information obtained at this seminar should allow the employee to increase their sales success rate by 1%. The employee has a success rate of 3% of converting a call into a sale. The employee makes five calls per day Mon through Fri for 50 weeks per year. If each sale is $2,000, what would be the increase in sales dollars be by attending this seminar?
Answers
Answer:
$25,000
Explanation:
success rate without attending the seminar = 3% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $75,000
success rate after attending the seminar = 4% x 5 calls per day x 5 days per week x 50 weeks per year x $2,000 sale = $100,000
the increase in sales dollars due to the increase in productivity (after attending seminar) = $100,000 - $75,000 = $25,000
Decision goes through different process.Elaborate