For inventory turnover, the higher the turnover, the more rapidly the inventory is sold. The ratio may
Question:
For inventory turnover, the higher the turnover, the more rapidly the inventory is sold. The ratio may be distorted if a company carries a lot of obsolete inventory. A high ratio could indicate possible stock-outs. Do you agree? Discuss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
Yes I agree The higher the inventory turnover ratio the more rapidly the inventory is sold I...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9780137689453
1st Edition
Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
What is the one greatest strength of a pluralistic society? What is the one greatest weakness? Do these characteristics work for or against business?
-
The rapid development face-off was a competition between rapid application development (RAD) teams from the leading consulting firms in the United States. The goal was to see which team could develop...
-
. 20 Points Find the future value of a $1,000 investment after 5 years at 8 percent annual interest, compounded semi-annually. O a. $1,480 O b. $1,440 O c. $1,325 O d. $998 Oe. $1,380 Of. $1,125 O...
-
Answer the same question as in the previous problem but for the scheme n+1 u+ - u i At un i+1 1 -u-1 +c. = 0. 2Ax
-
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2013. Accounting assistants furnish the data shown below. An accounting assistant has prepared the detailed manufacturing...
-
You are in desperate need of cash and turn to your uncle, who has offered to lend you some money. You decide to borrow $1,400 and agree to pay back $1,620 in two years. What annual interest rate...
-
Read the following two-part scenario and answer the questions provided. In each of your responses, please include: A clear answer that shows your understanding of the course material All of the...
-
C Company has 10-year bonds that require the company to maintain a times-interest earned ratio above 5.0. A times-interest earned ratio below 5.0 results in the C Company defaulting on the bonds and...
-
The following information pertains to Kenia Corporation as of the beginning of the current fiscal year: On 1/1, the company had issued 2,000 shares of common stock with $10 per share market value. a....
-
How can underemployment affect the quality of a person's future employment? Explain.
-
C/Y Maturity CpnRate MktRate Face Flat Price 30 years 7% 9% $1,000 $965 AI $25 Use the above semiannual coupon-ed bond data for this question. The Full Price of this bond is $. [POSITIVE number to...
-
1. An automobile manufacturer has been experiencing declining sales and profits for the last few years. Since this is hurting their bonuses, its top managers have decided to use a cheaper metal in...
-
Assume we are training a neural network with two inputs and for the OR gate. The table below represents the input and expected output for the OR gate: i 1 2 3 4 1 2 0 0 0 1 0 1 output y 0 1 1 1 We...
-
Warren Furniture produces three models of desk chairs: Basic, Ergo, and Exec. The cost system at the Warren production facility allocates overhead cost on the basis of direct labor hours. The company...
-
Factor f(x) into linear factors given that k is a zero of f(x). 17) f(x) = x3 4x2 - 36x + 144; k = 6
-
Using the data set agsrs.dat, estimate the total number of acres devoted to farming for each of two domains: (1). Counties with fewer than 600 farms, (2). Counties with 600 or more farms. Give...
-
What is the mode?
-
The following accounts appeared in recent financial statements of Continental Airlines: Accounts Payable Flight Equipment Air Traffic Liability Landing Fees Aircraft Fuel Expense Passenger Revenue...
-
Why do some accountants prepare an end-of-period spreadsheet (work sheet)?
-
Why do some accountants prepare an end-of-period spreadsheet (work sheet)?
-
Family Corporation declared a 30% stock dividend on 400,000 shares of $5 par value common stock outstanding. Market price per common share on this date was $10. What is the amount of retained ea...
-
L Limited acquired an item of equipment on 1 July 2019 for $105000. The estimated useful life of the equipment at the acquisition date was 5 years and the residual value was $5000. The company sold...
-
1. Under 100% sales assumption, using absorption coating, the COGS is calculated by adding Dorect Material (DM), Direct Labor (DL), and Fixed Overhead (FOH) a) True b) False 2. Under 100% sales...
Study smarter with the SolutionInn App