Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 18, 2024

The following information is available for Bramble Company at December 31, 2020: beginning inventory $139000; ending inventory $121000; cost of goods sold $1820000; and

The following information is available for Bramble Company at December 31, 2020: beginning inventory $139000; ending inventory $121000; cost of goods sold $1820000; and sales $1860000. Bramble's inventory turnover in 2020 is O 14.94 times. O 14.31 times. O 14.00 times. O 13.19 times.

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

Survey of Accounting

Authors: Edmonds, old, Mcnair, Tsay

2nd edition

9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555

More Books

Students also viewed these Accounting questions

Question

Strategic information systems often change the organisation as well as its products, services and operating procedures, driving the organisation into new behavioural patterns. With regards to the...

Answered: 1 week ago

Question

Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...

Answered: 1 week ago

Question

QUESTION 4 a) Service blueprinting is a method used in service design to describe and analyze a proposed service. Develop a service blueprint for going to a movie theatre, buying food, and watching...

Answered: 1 week ago

Question

★★★★★

CASE STUDY. Case Study Chapters 1 and 2. Please post both case studies in Assignment Drop Box as one MS Word apa formate document. Note: See template provided for case study papers. Chapter 1 - Listo...

Answered: 1 week ago

Question

★★★★★

What are agile methods, and what are some pros and cons of this approach?

Answered: 1 week ago

Question

★★★★★

Why would the return on investing in the convertible bond be higher than investing in the common stock directly? AppendixLO1

Answered: 1 week ago

Question

★★★★★

The normal probability plots given in Figure 6.3 are based on samples of 88 and 75 observations. Determine whether or not the normal probability plot in (a) Figure 6.3a supports the use of the small...

Answered: 1 week ago

Question

★★★★★

A dialyzer is to be used to separate 300 L/h of an aqueous solution containing 0.1 M NaCI and 0.2 M HCI. Laboratory experiments with the microporous membrane to be used give the following values for...

Answered: 1 week ago

Question

★★★★★

Horizon value option1 $32.07 2. $89.79 3. $31.07 4. $23.63 Intrinsic value of portman's stock option 1. $28.59 2. $31.07 3. $37.28 4. $36.34 10. Nonconstant growth stock Aa Aa Portman Industries just...

Answered: 1 week ago

Question

★★★★★

rn Elise Dubois is single, has no dependents, and lives at 55855 Ridge Drive in Lafayette, LA 70593. Her social security number is 412- 34-5670 (date of birth 3/15/1978). Elise had qualifying health...

Answered: 1 week ago

Question

★★★★★

You are currently 37 years old, and you plan to retire in 30 years. Youve estimated that you need to accumulate an additional $1 million by the time you retire in order to fund your retirement income...

Answered: 1 week ago

Question

★★★★★

National Motors Corporation is planning to issue bonds with a face value of $256,500 and a coupon rate of 5 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and...

Answered: 1 week ago

Question

★★★★★

=) =) How much will ABC Holdings receives from its exports if it hedges with a forward contract. How much will ABC Corporation pay in domestic currency for its imports if it hedges with a orward...

Answered: 1 week ago

Question

★★★★★

A farmer went to a market and purchased a wolf, a goat, and a cabbage. On his way home, the farmer came to the bank of a river and rented a boat. But crossing the river by boat, the farmer could...

Answered: 1 week ago

Question

★★★★★

5S is one of the most widely adopted techniques from the lean manufacturing toolbox. Based on the "house of lean", it's provide an overview of the tools and methods of lean management that can be...

Answered: 1 week ago

Question

★★★★★

As a manufacturing company, Company Kappa sells their sachets of powdered juices to retailers, supermarkets and distributors instead of direct customers. Having said this, they usually deliver...

Answered: 1 week ago

Question

★★★★★

Required information (The following information applies to the questions displayed below.) On January 1, Year 1, Brown Co. borrowed cash from First Bank by issuing a $109,000 face-value, four-year...

Answered: 1 week ago

Question

★★★★★

Assume you are the accountant for Catalina Industries. John Catalina, the owner of the company, is in a hurry to receive the financial statements for the year ended December 31, 20X1, and asks you...

Answered: 1 week ago

Question

★★★★★

3. Many students shy away from careers in selling, often because they think they are not outgoing enough or that salespeople are dishonest or pushy. Prepare a one-page document about your experience...

Answered: 1 week ago

Question

★★★★★

2. Identify the four elements of the promotion mix.

Answered: 1 week ago

Question

★★★★★

5. Consider the companies added and subtracted from the Dow Jones Industrial Average over the past five years. (Go to www.djaverages.com , then proceed to Dow Jones Learning Center to learn more...

Answered: 1 week ago

Previous Question Next Question