Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 24, 2024

I WISUUS pruupie 1 point 22. A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average

I WISUUS pruupie 1 point 22. A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover? A. 10.0 B. 8.85 C. 16.77 D. 18.95 3 points

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

Cost Accounting

Authors: Mark Lee Inman

2nd Edition

0434908320, 978-0434908325

More Books

Students also viewed these Accounting questions

Question

★★★★★

Suppose the process of producing lightweight parkas by Pollys Parkas is described by the function q = 10K0.8 (L 40)0.2 where q is the number of parkas produced, K the number of computerized...

Answered: 1 week ago

Question

★★★★★

How could Hammermill have prevented the situ ation? LO.1

Answered: 1 week ago

Question

★★★★★

At 08:00 a.m., the probability that John is in bed is 0.2, while the probability of him having breakfast is 0.5. What is the probability that on a particular day he is neither in bed nor having...

Answered: 1 week ago

Question

★★★★★

Kase Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $190,000 and would yield the following annual cash flows. (1) Assuming...

Answered: 1 week ago

Question

★★★★★

This us all 1 question, please!!!! THANK YOU! Sept 30 Received $11,830 from Old Town Cate and wrote off the remainder owed on the sale of May 24 as uncollectale, Dec 7 Reinstated the account of Old...

Answered: 1 week ago

Question

★★★★★

Discuss the available tools to address labour shortage issues

Answered: 1 week ago

Question

★★★★★

A client comes into a bank and requests to make a bank deposit of $9000. Under the Proceeds of Crime and Terrorist Financing Act of 2000 what must the bank do to be compliant with legislation? Select...

Answered: 1 week ago

Question

★★★★★

In the country Gamma it takes 6 hours to produce one automobile and 1 hour to produce a bale of cotton. In the country Delta it takes 10 hours to produce one automobile and 2.5 hours to produce a...

Answered: 1 week ago

Question

★★★★★

I. Suppose that there are only 10 individuals in the economy each with the following utility function over present and future consumption : U (c1, c2) = c1 + 2 / 3 c2, where c1 is consumption today,...

Answered: 1 week ago

Question

★★★★★

QUESTION 10/12 Company A's total royalty expenses for a specific product vary based on the total revenue (dollars in thousand), shown as below: Which of the following statements is correct? 1 point...

Answered: 1 week ago

Question

★★★★★

The relativistic Doppler shift causes the light from a distant galaxy to be blue shifted by 5%. What is the speed of the galaxy relative to the earth?

Answered: 1 week ago

Question

★★★★★

3. Would you like to work at a Stew Leonards retail store? Develop your rationale for employment or nonemployment.

Answered: 1 week ago

Question

★★★★★

2. The book encourages readers to pay attention to what is happening around them, anticipate change, and look at the opportunities that exist outside their comfort zones. How does this reflect on...

Answered: 1 week ago

Question

★★★★★

2. Your goals play a key role in bringing purpose and direction to your life. Identify the short-term goals that are currently influencing your behavior. What long-term goals do you hope to achieve...

Answered: 1 week ago

Previous Question Next Question