Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 16, 2024

Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales revenue of $475,000. What is Carlos

Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales revenue of $475,000. What is Carlos days in inventory?

73 days

102.5 days

121.7 days

84.5 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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 Clinical Audit In Pharmaceutical Development

Authors: Michael Hamrell

1st Edition

0367399334, 978-0367399337

More Books

Students also viewed these Accounting questions

Question

★★★★★

What are financial markets important to the health of the economy?

Answered: 1 week ago

Question

★★★★★

Below is selected financial statement information for Verizon Communications Inc., taken from its 2010 annual report. Verizon's noncontrolling interest is comprised primarily of Vodafone's 45 percent...

Answered: 1 week ago

Question

★★★★★

3. What are your responses to the questions in the Communication & Ethics box in this chapter? Is it more honest to say whatever youre thinking? Is filtering your comments dishonest?

Answered: 1 week ago

Question

★★★★★

Income statement information for Nguyen Corporation in 2011 is as follows: a. Administrative expenses, $110,000 b. Cost of goods sold, $440,000 c. Extraordinary loss from a storm (net of taxes,...

Answered: 1 week ago

Question

★★★★★

Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales revenue of $475,000. What is Carlos days in inventory? 73 days 102.5 days...

Answered: 1 week ago

Question

★★★★★

1. Which departments are best equipped to handle meeting management and why? 2. When does it make sense to outsource meeting planning?

Answered: 1 week ago

Question

★★★★★

What is the cerebrum?

Answered: 1 week ago

Question

★★★★★

Please help with the following Required information [The following information applies to the questions displayed below.] Ken is 63 years old and unmarried. He retired at age 55 when he sold his...

Answered: 1 week ago

Question

★★★★★

Radom Manufacturing produces various products. The company operates a landfill, which it uses to dispose of nonhazardous trash. The trash is hauled from the two nearby manufacturing facilities in...

Answered: 1 week ago

Question

★★★★★

Use the trial balance shown below to prepare financial statements. Haman Consulting Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash 6,500 Accounts Receivable 2,500 Supplies 1,500...

Answered: 1 week ago

Question

★★★★★

The Plastics Division of Minock Manufacturing currently earns $3.22 million and has divisional assets of $23 million. The division manager is considering the acquisition of a new asset that will add...

Answered: 1 week ago

Question

★★★★★

Discuss the five approaches to performance management, the specific techniques used in each approach, and the way these approaches compare with the criteria for effective performance management...

Answered: 1 week ago

Question

★★★★★

Discuss the advantages and disadvantages of the different sources of performance information. page 350

Answered: 1 week ago

Question

★★★★★

Distinguish types of rating errors, and explain how to minimize each in a performance evaluation. page 358

Answered: 1 week ago

Previous Question Next Question