Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

The following information was available for Kingbird, Inc. at December 31, 2022: beginning inventory $99000; ending inventory $84000; cost of goods sold $899445; and sales

The following information was available for Kingbird, Inc. at December 31, 2022: beginning inventory $99000; ending inventory $84000; cost of goods sold $899445; and sales $1064000. Kingbird days inventory turnover ratio in 2022 was (Use 365 days for calculation. Round intermediate calculation to 2 decimal places, eg. 12.25.) O 37.1 days. O 31.4 days. O 34.1 days. O 40.2 days

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

Be Financially Free How To Become Salary Independent In Today S Economy

Authors: Morten Strange

1st Edition

9789814751377

More Books

Students also viewed these Accounting questions

Question

17.12 Refer to the data in Exercise 17.4. Determine the sample size for female individuals in Porvoo, Finland, by under each of the following schemes. a. Proportional allocation b. Optimum allocation...

Answered: 1 week ago

Question

★★★★★

What is at stake for the key parties? What are Donna's ethical obligations to them?

Answered: 1 week ago

Question

★★★★★

The following information was available for Kingbird, Inc. at December 31, 2022: beginning inventory $99000; ending inventory $84000; cost of goods sold $899445; and sales $1064000. Kingbird days...

Answered: 1 week ago

Question

★★★★★

i want to solve these requiered questions in the pic.. please hurry up 100% 10:25 am 351 Sheet1 + 3 100% 10:25 am 351 Sheet1 + 3

Answered: 1 week ago

Question

★★★★★

Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Job 3-601 is assigned for this order. The following costs are incurred for the manufacture of the 10 unit:...

Answered: 1 week ago

Question

★★★★★

Can you discuss some aspect of the source that is interesting and why. Be sure to relate your post to some type of workplace hazard and/or method(s) for protecting employees from the hazard...

Answered: 1 week ago

Question

★★★★★

Use the following sections to write an essay on differentiated/decision- making theory in education a. Introduction b. Literature review c. Strengths and weakness d. Conclusion

Answered: 1 week ago

Question

★★★★★

Operating Leverage. Airlines offer an example of an industry in which the degree of operating leverage is fairly high. Why? Taking the public information of the last Annual Report published by an...

Answered: 1 week ago

Question

★★★★★

Quality control is an effective tool used to reduce cost by controlling factors that increase cost during operations. Locate an article in the scholarly journal or a news article that discusses the...

Answered: 1 week ago

Question

★★★★★

Why might a manager intentionally distort appraisal results? What would you recommend to minimize this problem?

Answered: 1 week ago

Question

★★★★★

Employees in your company currently choose and enroll in benefits programs after reading communications brochures, completing enrollment forms, and sending them to their HR rep. A temporary staff has...

Answered: 1 week ago

Question

★★★★★

Why have the roles and activities of the HRM function changed over the past 20 to 30 years? What has been driving this change? How effectively do you think HRM has responded?

Answered: 1 week ago

Previous Question Next Question