Question
Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows: 1/1/17 $47,000 BOM 4/1/17 $46,250 7/1/17 $42,700
Gross sales for the year were $275,000 with customer returns of 9%. The annual inventories were as follows:
1/1/17 $47,000 BOM
4/1/17 $46,250
7/1/17 $42,700
10/1/17 $56,500
12/31/17 EOM $38,500
Find:
Average Stock
Annual turnover
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Introductory Course On Financial Mathematics
Authors: M V Tretyakov
1st Edition
1908977388, 978-1908977380
