6. A company has cost of goods sold of $85,000 and ending inventory of $18,000. Its days...

Question:

6. A company has cost of goods sold of $85,000 and ending
inventory of $18,000. Its days’ sales in inventory equals
a. 49.32 days. d. 77.29 days.
b. 0.21 day. e. 1,723.61 days.
c. 4.72 days.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial And Managerial Accounting Information For Decisions

ISBN: 9781259726705

7th Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

See More Books

Question Posted: Mar 10, 2024 10:00 AM

See More Questions

1. a) Fill in the missing numbers in the inventory schedule using the weighted-average cost inventory valuation method. This company uses the perpetual inventory system. Do not enter dollar signs or...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1 and 2. On September 1, Irene opened a retail store that specializes in sports car...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
The total cost of 2 chair and 1 table is 210 dollars. The total cost of 1 chair and 2 tables is 285 dollars. What is the cost of 1 chair?
If you did not do Exercise 2-15 , you can complete this Exercise by creating T- accounts for the accounts and balances given in the trial balance at December 31, 2013, shown below. Required 1. Open...
Jaffe Company incurs annual fixed costs of $$60,000$. Variable costs for Jaffes product are $$7.50$ per unit, and the sales price is $$12.50$ per unit. Jaffe desires to earn an annual profit of...
In general, would management prefer a project with a short payback period or a long one? Why? LO.1
In the code below, three processes are competing for six resources labeled A to F. a. Using a resource allocation graph, show the possibility of a deadlock in this implementation. b. Modify the order...
SUBJECT: Advance accounting information system Mei Ling is a manager in a consulting firm and currently performing system analysis for Saguna Berhad to determine the feasibility of integrating...
Describe how costs flow from inventory to cost of goods sold for the following methods: (a) FIFO and (b) LIFO. Where is the amount of merchandise inventory disclosed in the financial statements?
A Periodic: A company reports the following beginning inventory and purchases, and it ends the period with 30 units in inventory. i) Compute ending inventory using the FIFO periodic system. a. $400...
A (simplistic) model of the hydrogen atom treats the electron as a particle carrying a charge $-e$ orbiting a proton (a particle carrying a charge $+e$ ) in a circle of radius...
Juanita Poblamo makes large ceramic pots for use in outdoor landscape. She currently has two models, one square and the other round. Because of the size of Juanitas creations, only one pot can be...
EPI educational products are currently sold without any supplemental materials. The company is considering the inclusion of instructional materials such as an overhead slide presentation, potential...
EPI is considering eliminating a product from its ToddleTown Tours collection. This collection is aimed at children one to three years of age and includes tours of a hypothetical town. Two products,...
Suppose we estimate the model y i = + u i , where u i N [ 0 , i 2 ] . (a) Show that the OLS estimator of simplifies to ^ = y . (b) Hence directly obtain the variance of y . Show that this...
This question presumes access to software that allows NLS and ML estimation. Consider the gamma regression model of Exercise 5-2. An appropriate gamma variate can be generated using \(y=-\lambda \ln...
Use covariances derived in Appendix A to show the result in (4.8). xixu 1l
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
What four different types of adjustments are frequently necessary before financial statements are prepared at the end of an accounting period? Give at least one example of each type.
What is the purpose of a general journal?
Revenue should be recognized when it is earned and expense when incurred. Given some lack of specificity in these terms, companies have some latitude when applying GAAP to determine the timing and...
Please help me answer all these question one by one. THE COMPANY IS GOING TO BE WALMART (PLEASE DO NOT USE AND PREVIOUS STUDENT ANSWERS) Remember, one-page memo first. search the web for these...
keAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Print Item Using the data below for the Ace Guitar Company: 6 A Region Sales B Region $500,000 Cost of goods sold $900,000...
please answer both parts Winston Company estimates that total factory overhead for the following year will be $979,200. The company has decided that the basis for applying factory overhead should be...

6. A company has cost of goods sold of $85,000 and ending inventory of $18,000. Its days...

Question:

Step by Step Answer:

6 d Days sales in i...View the full answer

Financial And Managerial Accounting Information For Decisions

Students also viewed these Business questions