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

Question

1 Approved Answer

please asap, thanks! The following information was available for Waterway Company at December 31, 2020; beginning inventory $ 107000; ending inventory $ 61000: cost of

please asap, thanks!
image text in transcribed
The following information was available for Waterway Company at December 31, 2020; beginning inventory $ 107000; ending inventory $ 61000: cost of goods sold $ 613200; and sales $ 1440000. Waterway's days in inventory in 2020 was 50.0 days O 36.3 days. 21.3 days. 0 63.7 days

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

Banking And Finance Issues In Emerging Markets

Banking And Finance Issues In Emerging Markets

Authors: William A. Barnett

1st Edition

1787564541, 9781787564541

More Books

Students also viewed these Accounting questions

Question

★★★★★
For the following population of N = 6 scores: a. Sketch a histogram showing the population distribution. b. Locate the value of the population mean in your sketch, and make an estimate of the...

Answered: 1 week ago

Question

★★★★★
Suppose you suffer a cut through the spinal cord on the left side only. For the part of the body below that cut, you will lose pain sensation on the _____ side of the body and touch sensation on the...

Answered: 1 week ago

Question

★★★★★
3. Once Mr. Heney learned that his Asian ELL students consider it rude to ask the teacher questions because questioning implies that the teacher has done a poor job of teaching, he could generalize...

Answered: 1 week ago

Question

★★★★★
Suppose the market for rental cars has two segments, business travelers and vacation travelers. The demand curve for rental cars by business travelers is Qb = 35 0.25P, where Qb is the quantity...

Answered: 1 week ago

Question

★★★★★
________ states that nominal interest rates in each country are equal to the required real rate of return plus compensation for expected inflation. Question 6 options: Absolute PPP Relative PPP The...

Answered: 1 week ago

Question

★★★★★
Baron Corporation has a target capital structure of 70 percent common stock, 5 percent preferred stock, and 25 percent debt. Its cost of equity is 10 percent, the cost of preferred stock is 6...

Answered: 1 week ago

Question

★★★★★
Name Mech HW-79 1. Consider the four block-and-spring(s) systems shown at right. Each block moves on a horizontal, frictionless table. The blocks all ha Case A springs are iden I have the same mass...

Answered: 1 week ago

Question

★★★★★
What basic/fundamental need must the CIFFA forwarder identify and take into account before offering a transport alternative? Question 3 options: Safety and security of the cargo Reasonable...

Answered: 1 week ago

Question

★★★★★
In recent years, the number of Americans who never marry has Multiple choice question. decreased. not changed. increased

Answered: 1 week ago

Question

★★★★★
When is it not acceptable to apply the auditing standards of another country or the International Standards on Auditing (ISAs)? The auditor is a licensed expert of those standards. The auditor uses...

Answered: 1 week ago

Question

★★★★★
Resistance is a deleterious force in therapy and must be confronted in the first session true or false

Answered: 1 week ago

Question

★★★★★
1 Dejobbing is likely to introduce training costs as employees are required to develop new skill areas. What arguments could you use to justify such costs? A job may be enriched by an individual...

Answered: 1 week ago

Question

★★★★★
1 W hat are some of the pros and cons of combining global company policy with locally specifi c practices? Genpact India is Indias largest business process outsourcing firm and offers customer...

Answered: 1 week ago

Question

★★★★★
1 Do you think it is a good idea to have a legally enforceable minimum wage? In 1999 the minimum wage was set at 3. 60 an hour for employees over 21, and 3 for those aged 18 21. In October 2005 the...

Answered: 1 week ago

Previous Question Next Question