Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2024

f opening stock is Ksh 6,000; closing stock Ksh10,000; sales Ksh 80,000 and mark-up on cost is 25%, the stock turnover ratio is

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

Getting The Schools You Want A Step By Step Guide To Conducting Your Own Curriculum Management Audit

Authors: Kimberly M. Logan

1st Edition

0803965443, 978-0803965447

More Books

Students also viewed these Accounting questions

Question

★★★★★

A waiter believes the distribution of his tips has a model that is slightly skewed to the right, with a mean of $9.60 and a standard deviation of $5.40. a) Explain why you cannot determine the...

Answered: 1 week ago

Question

★★★★★

17 - 31 Weighted - average method. Larsen Company manufactures car seats in its San Antonio plant. Each car seat passes through the assembly department and the testing department. This problem...

Answered: 1 week ago

Question

★★★★★

15.4 Organize your persuasive message. Ways to organize your persuasive message include problemsolution, cause and effect, refutation, and the motivated sequence. The motivated sequence includes five...

Answered: 1 week ago

Question

★★★★★

Consider the Tragedy of the Commons game from the chapter with two shepherds, A and B, where sA and sB denote the number of sheep each grazes on the common pasture. Assume that the benefit per sheep...

Answered: 1 week ago

Question

★★★★★

f opening stock is Ksh 6,000; closing stock Ksh10,000; sales Ksh 80,000 and mark-up on cost is 25%, the stock turnover ratio is

Answered: 1 week ago

Question

★★★★★

The Perfect Tool company produced 80,000 saw blades during the year. It took 1.5 hours of labor per blade at a rate of $8.50 per hour. However, its standard labor rate is $8.00 Its labor efficiency...

Answered: 1 week ago

Question

★★★★★

Kris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4%, compounded monthly, for the first two years and 5%, compounded monthly, for the final...

Answered: 1 week ago

Question

★★★★★

A gas sample occupies a volume 5 ft3 a pressure of 30 psi and a temperature of 70F. What will be its volume if the pressure decreases to 15 psi and the temperature remains at 70F? Give answer to 2...

Answered: 1 week ago

Question

★★★★★

You are a consultant who's been asked to install a new server for a small business. Before you begin the installation process, make a checklist of information you should obtain before beginning the...

Answered: 1 week ago

Question

★★★★★

What can I improve with this policy? The objectives of this policy are to: achieve a safe workplace with zero harm to the environment; ensure a permanent Environment, Health and Safety (EHS) presence...

Answered: 1 week ago

Question

★★★★★

A machine with a cost of $64,008 has an estimated residual value of $4,747 and an estimated life of 6 years or 18,419 hours. It is to be depreciated by the units-of-activity method. What is the...

Answered: 1 week ago

Question

★★★★★

Identify and evaluate your qualifications and job preferences for employment.

Answered: 1 week ago

Question

★★★★★

Write effective application letters for solicited and unsolicited positions.

Answered: 1 week ago

Question

★★★★★

Prepare targeted and general rsums in chronological, functional, or combination format.

Answered: 1 week ago

Previous Question Next Question