FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7. A firm with annual Cost of Goods Sold of $73,000 has DIH of 30 days. What is the firm's inventory balance? a. $2,433.33 b.

image text in transcribed
7. A firm with annual Cost of Goods Sold of $73,000 has DIH of 30 days. What is the firm's inventory balance? a. $2,433.33 b. $6,000 c. $15,000 d. $888,1667.67 8. Which of the following would most likely decrease the inventory level? a. Increase in DIH b. A drop in average daily Cost of Goods Sold c. Increase in DIH and increase in daily Sales d. All the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The World Is Your Oyster The Guide To Finding Great Investments Around The Globe

The World Is Your Oyster The Guide To Finding Great Investments Around The Globe

Authors: Jeff D. Opdyke

1st Edition

0307381048, 978-0307381040

More Books

Students also viewed these Finance questions

Question

★★★★★
The data from Exercise 16.70 on the number of words of three syllables or more in advertisements from magazines of three different educational levels. In Exercises 16.158-16.166, use the technology...

Answered: 1 week ago

Question

★★★★★
14.17 The Baby Walking data file contains information on 98 babies about several variables concerning their birth and first steps. One of the variables measured is the first walk timeline, coded as 1...

Answered: 1 week ago

Question

★★★★★
5. How easy is it for women to form and maintain friendships across ethnic, class, racial, or cultural boundaries? What are some of the things that enhance the likelihood of such friendships?

Answered: 1 week ago

Question

★★★★★
Based on the discussion in the chapter, evaluate how well each of these taxes meets Adam Smith's four requirements: a. Income tax b. Employment taxes

Answered: 1 week ago

Question

★★★★★
please fast thanks A municipal bond differs from a share of stock in that a municipal bond: A. Has a maturity date, after which the payments stop B. Represents a claim on the company C. Is issued by...

Answered: 1 week ago

Question

★★★★★
2. [10 points in total; 2.5 pts. each.] Suppose that State Z introduced a public program in 2016 to improve the labor market conditions, specifically the labor supply in terms of number of hours...

Answered: 1 week ago

Question

★★★★★
A RAND study of criminal investigations characterized detectives as glorified clerks for the district attorney rather than super - sleuths that solve crime?

Answered: 1 week ago

Question

★★★★★
BNY Mellon used its additional profits to increase entry - level pay levels rather than offering incentive pay such as merit increases or bonuses. What advantages of incentive pay was the bank...

Answered: 1 week ago

Question

★★★★★
The combination of an objective/goal plus evaluation criterion (measures/metrics) creates the basis for a control. Identify 3 examples of controls that you would recommend for a re-negotiated...

Answered: 1 week ago

Question

★★★★★
In the past year, a mid - sized company has decided to strengthen its global operations. As an initiative to achieve this goal, there has been an increase in hiring in offices across countries....

Answered: 1 week ago

Question

★★★★★
The design of a single-stage axial-flow turbine is to be based on constant axial velocity with axial discharge from the rotor blades directly to the atmosphere. The following design values have been...

Answered: 1 week ago

Question

★★★★★
3 If you were giving a speech to an audience armed with clickers, what kinds of questions would you ask? How might the audiences responses change the nature or style of your speech? Could you make...

Answered: 1 week ago

Question

★★★★★
A In what ways were the public lives of McCarthy and Fox similar? How were they different?

Answered: 1 week ago

Question

★★★★★
Give proper credit to sources and take responsibility for your speech?

Answered: 1 week ago

Previous Question Next Question